Report: Sustainable aviation startup ZeroAvia aims for $150M to stay airborne through 2028
Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MORE
ZeroAvia, a sustainable aviation company with R&D and manufacturing operations in Everett, Wash., is trying to quickly raise a $150 million funding round that will keep it aloft through the end of 2028, CEO Val Miftakhov told Bloomberg. Earlier this week, ZeroAvia announced that RVL Aviation will retrofit Cessna Grand Caravan aircraft with the company's hydrogen-electric ZA600 powertrain for its cargo operations in the United Kingdom.
ZeroAvia, which is based in California and the UK, is working with the U.S. Federal Aviation Administration and the UK's Civil Aviation Authority for certification.
The company aims to start commercial production late next year, or in 2027, Bloomberg reports. It has deals with aircraft manufacturers and more than 2,000 orders for engines and components from airlines, cargo operators and others.
The company announced a $130 million round in September, and has raised about $300 million from investors and through grants.
Aviation is one of the more difficult industries to shift off of fossil fuels and contributes 2.5% of the greenhouse gases emitted annually.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNET
26 minutes ago
- CNET
Is ChatGPT Down for You, Too? Widespread Outage Continues to Grow
Have you noticed that ChatGPT is a little less chatty this morning? OpenAI is experiencing a widespread outage Tuesday morning that's affecting its ChatGPT AI chatbot service, as well as its Sora tool for AI-generated videos. The number of reported outages has continued to increase throughout the morning. An OpenAI representative responded via email, directing us to its post on X and its status page. Both stated that OpenAI is experiencing "elevated errors and latency" and that it has identified the root cause and is working to mitigate the underlying issue. The technical issues are also affecting OpenAI's APIs, which allow developers to tap into the company's AI models. The troubles been ongoing for seven hours, OpenAI noted, meaning they likely started around midnight PT. The Downdetector service also shows outage reports starting around that time and then spiking several hours later. (Downdetector is owned by Ziff Davis, which is also the parent company of CNET.) Launched in 2022, ChatGPT has become the most popular AI application ever released, with 400 million weekly users. A barrage of generative AI competitors have followed, including Meta AI, Google's Gemini and Microsoft's Copilot, but ChatGPT remains the leader largely because it's easy to use. At its Worldwide Developers Conference 2025, Apple even touted an expansion of its ChatGPT integration. The AI chatbot uses learning algorithms and large language models to process massive amounts of data from books and the internet, which it uses to deliver human-like responses to prompts from users. (Ziff Davis in April filed a lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.) This is a developing story. What can you do while OpenAI is down? Although OpenAI's ChatGPT may be among the most popular options, there are plenty of alternatives while it's down -- and many of them are free to use. Chat Claude is our current favorite chatbot we've tested, and Claude even knew all the details about ChatGPT's outage, according to my colleague Jon Reed, CNET senior editor who covers AI. Images If you rely on ChatGPT's Dall-E 3 as your image generator, we'd recommend trying for really creative work and Canva for free, beginner-friendly work. Video If you're looking for an alternative to Sora tool for AI-generated videos, we just checked out Microsoft's Bing Video Creator, which is super easy to use and live on mobile now.
Yahoo
30 minutes ago
- Yahoo
MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Urban Air Mobility Quadrant Report 2025
DELRAY BEACH, Fla., June 10, 2025 /PRNewswire/ -- 360Quadrants has released its latest Urban Air Mobility Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights ARC Aero Systems, Urban Aeronautics, Ascendance Flight Technologies, and AIR VEV Ltd., among the top companies, are actively shaping the future of the Urban Air Mobility Startups/SMEs Companies Assessment. The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices. Company Highlights in the Urban Air Mobility Startups/SMEs Companies Assessment: Arc Aero Systems, a UK-based technology company, specializes in the development of advanced civil aircraft with vertical take-off and landing (VTOL) capabilities, aiming to revolutionize urban air mobility (UAM). Committed to creating sustainable and efficient air transportation for urban and regional areas, the company offers a range of innovative aircraft, including the Pegasus, Linx P3, and Linx P9. Arc Aero Systems is driven by a mission to minimize the environmental footprint of air travel through hybrid propulsion technologies. Urban Aeronautics envisions transforming urban mobility through the application of cutting-edge aerospace technologies to develop vertical take-off and landing (VTOL) aircraft tailored for complex city environments. By offering a practical and efficient alternative to conventional transportation, the company seeks to redefine how people and critical services move within urban areas. Urban Aeronautics also operates through its wholly owned subsidiary, Tactical Robotics, which leads the development of the Cormorant project. This autonomous VTOL aircraft is designed for combat cargo delivery and medical evacuation missions, sharing technological commonalities with the CityHawk. Together, these innovations reflect the company's commitment to revolutionizing urban transport and emergency response with safe, sustainable, and advanced VTOL solutions. Ascendance Flight Technologies is committed to advancing sustainable aviation through the development of hybrid-electric propulsion systems. The company's flagship aircraft, the Atea, is a vertical take-off and landing (VTOL) vehicle designed as a cleaner, quieter, and more efficient alternative to conventional helicopters. Central to Atea's performance is Ascendance's proprietary Sterna hybrid-electric propulsion system, which significantly reduces noise and emissions while extending operational range and efficiency. The company operates across two primary business areas: Aircraft Manufacturing and Propulsion Technology. In aircraft manufacturing, the Atea stands out as a versatile and eco-friendly VTOL aircraft tailored for urban mobility and short regional travel, offering a quieter and safer transport option well-suited to dense urban settings. To explore the full quadrant report and see how companies are positioned in the Urban Air Mobility Startups/SMEs Companies Assessment, 2025, Visit: Evaluation Criteria The vendor evaluation was conducted on over 100 companies, of which the top 11 were categorized and recognized as quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Urban Air Mobility Startups/Small-Medium Businesses Companies Assessment quadrant. The top criteria for product footprint evaluation included Solution (Infrastructure and platform), Platform architecture (Rotary-wing, fixed-wing hybrid, and fixed-wing), and Mobility Type (Air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, and air ambulances & medical emergency vehicles), Mode of Operation (Piloted and autonomous) and Range(intercity (>100 km) and intracity (<100 km)). 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Progressive companies, Responsive companies, Dynamic companies, and Starting blocks. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. Download Free Sample @ About 360Quadrants 360Quadrants, a specialized division of MarketsandMarkets™, delivers comprehensive quadrant analyses for various emerging technologies and markets, including start-ups. Our evaluation methodology hinges on two critical parameters: market presence and product footprint. This approach facilitates a graphical representation of competitive positioning across four key categories: leaders, contenders, innovators, and emerging companies. In addition, we meticulously classify start-ups into progressive companies, responsive companies, dynamic companies, and starting blocks. Our expertise equips organizations with insights into market leaders across over 6000 micro markets, enabling a detailed comparison of vendor capabilities and performance. At 360Quadrants, we ensure that each quadrant adheres to the highest standards, empowering our clients to navigate complex market dynamics precisely and confidently. 360Quadrants has also launched quadrants in fields such as – Drone Detection Startups/SMEs Companies Assessment, 2025, and Drone Communication Startups/SMEs Companies Assessment, 2025. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Ms. Sipti Banga,630 Dundee Road, Suite 430Northbrook, IL 60062USA: +1-888-600-6441Email: Logo: View original content: SOURCE MarketsandMarkets
Forbes
41 minutes ago
- Forbes
London Assembly Members Tell Mayor To Oppose Car Bloat
Old Mini next to new Mini. A majority of Members of the London Assembly—the 25-member elected body that scrutinizes the work of the London Mayor—voted on June 5 to oppose 'carspreading,' the phenonomen of automobiles becoming wider, heavier and taller. This car bloat, also known as 'autobesity,' damages London's roads, said the London Assembly motion, causing congestion, and putting pedestrians, cyclists and other drivers at greater risk of death and serious injury. Cars are getting bigger by an average of 1 centimeter every two years, with many new cars now too large for U.K. minimum parking spaces. Elly Baker AM, who proposed the motion, said: 'London's streets weren't designed for larger vehicles like SUVs, which now make up a third of all cars on the road. Their greater size, weight, and higher [hoods] put vulnerable road users at greater risk, reduce available parking spaces, and cause more wear and tear on our roads.' She added: 'It's time we took sensible steps to manage the impact of oversized cars and ensure our streets remain safe and accessible for everyone.' The vote was won by 14 votes against eight. The motion states that the 'consequences of surging vehicle size undermine goals for road safety, air quality and put outsized pressure on public finances.' The Assembly now calls on the Mayor to write to the Department for Transport asking that they update vehicle regulations to introduce tighter limits on passenger vehicle size and hood height. The Mayor is further urged to write to HM Treasury asking for a progressive tax on passenger vehicle weight via Vehicle Excise Duty. The Assembly is also calling for London Councils to explore the feasibility of boroughs charging higher parking charges to SUVs to account for pressure they put on road space and local parking spaces. In a referendum last year, the citizens of Paris voted to triple parking fees for SUVs. Today's BMW-built Mini is much wider than the British Motor Corporation's 1959 original, and is also taller and longer. Other famous car models—such as the VW Beetle and the Ford Fiesta—have also increased markedly in size and weight. Modern cars are larger partly because of airbags, crumple zones and air conditioning units, but also because consumers prefer larger motor vehicles—hence the success of SUVs. The motor vehicle 'arms race' has led to calls from motorists for road lanes to be widened and parking spaces to be enlarged. Roads in most British cities are becoming more and more choked as wider motor cars struggle to squeeze past each other. There's an epidemic of pedestrian-unfriendly 'pavement parking'—wheels half up on the sidewalk—and tempers fray when wing mirrors are bashed as porkier cars pass each other. Research from Transport & Environment (T&E) in 2022 found that 'autobesity'—car bloat—is real, with many cars getting too big for British roads, exceeding the 180 centimeter minimum for on-street parking. More than half of new cars sold in 2023 were too wide for the minimum specified on-street parking space in major U.K. cities. Off-street parking is now a tight squeeze even for the average new car, while large luxury SUVs often make it impossible. Fatter cars are heavier cars. And heavier cars cause more highway damage. Richard Hebditch, UK Director for T&E UK, said: 'The trend of cars getting wider has been progressing for decades and that trend will continue until the U.K. sets stricter limits. Currently we allow new cars to be as wide as trucks. This has meant our roads are now home to big SUVs and American style pick-up trucks that are parking on our footpaths, endangering pedestrians and cyclists and making everyone else on our roads less safe.'
