ZeroAvia has announced the securement of additional funding from Washington State for the support of the company’s expansion at its Paine Field facility in Everett, Washington. The investment was announced during a briefing from Washington Governor Jay Inslee and Val Miftakhov, CEO and founder, ZeroAvia, at the Paris Air Show.
ZeroAvia’s Paine Field electric propulsion R&D facility is a central part of the company’s electric propulsion system technology development. The new investment from Washington State’s Economic Development Strategic Reserve Fund will assist in improvements to support both ZeroAvia’s electric propulsion research and development as well as the Dash 8 testbed retrofit programme.
“With the vast array of talented aerospace and electrical engineers, amidst a hub of aerospace industry peers also pushing towards sustainable flight, Everett is a hugely important location for us,” said Val Miftakhov, CEO and founder, ZeroAvia. “The support from Governor Inslee and the Washington Department of Commerce enables us to push forward quickly on our targets for commercial flight of up to 20-seat aircraft by 2025 and up to 80-seat aircraft by 2027.”
“ZeroAvia is a key member of the rapidly growing ecosystem of world-leading innovators located in Washington State who are building the future of sustainable aviation fuels and zero-emission propulsion systems,” said Gov. Jay Inslee. “Our low-carbon fuel standard, abundant clean power and generous new tax incentives for low-carbon fuels provide an unmatched base from which to develop and deploy the next generation of renewable solutions to decarbonise the aerospace sector.”