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Hydrogen-electric plane developer ZeroAvia has completed another successful financing round, led by some of its previous investors and some new ones. The sustainable aviation specialist plans to use the fresh funds to expedite the certification of its first powertrain and support selling its in-house components to other electrified aviation OEMs.

ZeroAvia has tasked itself with delivering 40—to 80-seat aircraft with up to 700 miles of range by 2027. So far, its sustainable technology has amassed some heavy hitters’ interest (and funding) in the segment to help push development forward.

In 2022, ZeroAvia secured over $30 million in funding, including investments from American Airlines, which joined Alaska Airlines and United in the hydrogen-electric plane venture.

2023 included several new partnerships and a fresh round of funding led by Airbus, Barclays, and Saudi Arabia’s “living laboratory,” NEOM. In late November, ZeroAvia announced a deal to provide up to 70 zero-emission planes to sustainable startup airline EcoJet, which looks to become the world’s first all-electric airline.

This past July, American Airlines committed to a large purchase of zero-emissions engines alongside a fresh investment in the aviation startup’s technology as part of a Series C fundraising round. Today, ZeroAvia announced it has extended upon that Series C round, which has now been completed for a total of $150 million.

American Airlines electric
Source: ZeroAvia

ZeroAvia adds more names to its investment rolodex

The sustainable aviation company shared details of its extended financing round today. This included a 20 million euro £20m (23.7M euros) investment from the Scottish National Investment Bank, aka “The Bank,” which joins other investors like American Airlines, International Airlines Group (IAG), and ITOCHU Corporation. 

ZeroAvia shared that the round was co-led by Airbus, Barclays Sustainable Impact Capital, and the NEOM Investment Fund (NIF). UK Infrastructure Bank joined as a cornerstone-level investor, and existing shareholders like  Breakthrough Energy Ventures, Horizons Ventures, Ecosystem Integrity Fund, Summa Equity, Alaska Airlines, Amazon’s Climate Pledge Fund, and AP Ventures also participated.

The funding will enable the aviation startup to accelerate its progress toward certifying its first hydrogen-electric plane powertrain for commercial operations. Per ZeroAvia founder and CEO, Val Miftakhov:

We have closed an exceptionally strong financing round to help us deliver the clean future of flight for the entirety of aviation. As a purpose–driven impact investor, the Bank is an ideal partner for ZeroAvia. Scotland’s ambitious net zero targets, its strategic focus on hydrogen and its strong existing aerospace skills base make it an attractive place for ZeroAvia’s UK production operations as we scale into a major aerospace manufacturer.

In addition to locking in flight certification, ZeroAvia says the $150M in funding will help it begin sales of its in-house aviation technology, including electric motors and fuel cell power generation systems, to other companies.

ZeroAvia has already flight-tested a prototype of its first ZA600 engine, implemented aboard a Dornier 228 aircraft at its UK base, and its application for certification with the CAA is already underway. Additionally, the company has completed advanced ground tests in the US and UK of its ZA2000 system, which can someday help sustainably propel 80-seat regional turboprop aircraft.

That larger and more advanced propulsion system includes cryogenic tanks for LH2 and proprietary high-temperature PEM fuel cell and electric systems.

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Wheel-E Podcast: 1M Tern miles, kids on Sur Rons, LiveWire scooter, more

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Wheel-E Podcast: 1M Tern miles, kids on Sur Rons, LiveWire scooter, more

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes Tern’s NYC e-bike delivery fleet surpasses 1 million miles, the CPSC has a stark warning about Rad’s e-bike batteries, what parents should know if their kid wants a Sur Ron e-moto, JackRabbit MG Doble review, Strutt’s EV1 electric mobility chair, and more.

The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:

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Here are a few of the articles that we will discuss during the Wheel-E podcast today:

Here’s the live stream for today’s episode starting at 9:00 a.m. ET (or the video after 10:00 a.m. ET):

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New electric SANY reach stacker gets to work at Houston Terminal

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New electric SANY reach stacker gets to work at Houston Terminal

The Port of Houston took a big step towards electrifying its operations this week, when the stevedores at Houston Terminal deployed the first new SANY electric reach stacker at the major seaside port – and it won’t be the last.

Multinational equipment brand SANY launched its latest 50-ton electric reach stacker earlier this summer. The new machine drew headlines by cleverly pairing gravity and a KERS-style regenerative braking system attacked to its boom to generate electricity as it lowers loads. The tech significantly improved the machine’s operating efficiency and reduced the sort of costs typically associated with charging and downtime.

With the purchase of the new SANY electric reach stacker from local equipment dealer, Equipment Depot, Houston Terminal has begun to do its part to help keep the air and water around America’s busy seaports pollution-free.

“In this market, there’s a shift towards sustainable equipment,” explains Greg Schertz, Sr. National Account Executive at Equipment Depot — a national equipment supplier that sells and services to roughly 85% of US sea ports. “Electric equipment is a growing trend, and it has become more than a conversation point. Actual machines are going into service and are proving their capability.”

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Equipment Depot is quick to point out that the national move towards electrification isn’t about regulations. “The bigger picture is that the world has become more of a global market,” says Chad Larson, VP of Heavy Trucks and Port Equipment at Equipment Depot. “(And) in the port industry, there are many relationships and parent companies with ties into Europe and other parts of the world where zero carbon initiatives are more progressive than the US.”

Robert Marshall, General Manager of Houston Terminal, echoes Schertz’ sentiment, “Electric equipment has a much easier, much simpler maintenance program, because basically you’re just maintaining tires.”

SANY electric reach stacker


Sany launches world’s first 50-tonne energy storage reach stacker
50t reach stacker; via SANY.

At its launch in August, SANY said its new 50t reach stacker would be available with a 512 kWh swappable battery pack. That pack isn’t just huge, it’s compatible with the brand’s other electric equipment assets, and can support both DC fast charging when swapping isn’t practical and the grid itself by “plugging in” to the company’s BESS modules when not needed.

Houston Terminal bought the SANY unit with help from a Texas Emissions Reduction Plan (TERP) Grant, part of TERP’s Seaport and Rail Yard Areas Emissions Reduction (SPRY) Program to replace older drayage trucks and equipment at seaports and rail yards. Houston Terminal intends to apply for another TERP grant to buy a second reach stacker in 2026.

SOURCE | IMAGES: Equipment Depot; via AJOT.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

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Sandvik gets €500M from European Investment Bank for new, smart EVs

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Sandvik gets €500M from European Investment Bank for new, smart EVs

The mining equipment experts at Sandvik have been developing next-generation electric equipment options for years – largely on their own. Now, with a €500 million capital injection from the EIB, the company is ready to get serious about its next-generation machinery.

The European Investment Bank (EIB) is the lending arm of the European Union (EU), and its core mission is to strengthen the global competitiveness, technological innovations, and sustainability initiatives of European companies like Sandvik by providing affordable financing for R&D projects conducted on the continent.

“We have a strong strategic focus on developing solutions that strengthen our technology leadership, and that enhances productivity, safety and sustainability for our customers,” explains Stefan Widing, President and CEO of Sandvik. “The EIB financing supports our R&D initiatives and provides flexibility to our overall funding strategy.”

The €500 million loan has a seven-year term, and will support Sandvik’s efforts to develop new advanced, productive, safe, and (above all) sustainable heavy equipment solutions across the company’s business lines.

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Electrek’s Take


We’ve covered Sandvik’s electric equipment several times over the years, from their surface drill rigs to their underground loaders to their quarry- and concrete-focused electric cone plants, and the brand’s commitment to sustainability and operator safety has been commendable. Even the company’s push towards automation and AI, often seen as a corporate tactic to slash labor costs and boost stock prices before the executives bail out with a fat stack of cash fulfill their exit strategies, seems to be genuinely motivated by worker safety in one of the world’s most dangerous environments.

Of course, I said that about Volvo and they’re actively suing California to be able to sell more diesels as aI type this, so what do I know?

SOURCE | IMAGES: Sandvik.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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