ZeroAvia targets early 2027 to close critical Series D funding

ZeroAvia is aiming to finalize a crucial Series D funding round by early 2027, a move vital for the continued operation of its UK facility. The company’s UK unit has accumulated cumulative losses totaling £110 million as of recent accounts. This financing effort is driven by a need to avoid further significant cutbacks within the UK operation. Failure to secure additional investment by the second quarter of next year could trigger another wave of reductions. ZeroAvia's hydrogen propulsion development relies heavily on this new capital injection to maintain momentum.