ZeroAvia Included in Cleantech Group’s 2020 50TOWATCH List
23 October, 2020, 08:00 PST
HOLLISTER, CALIFORNIA — 23 October, 2020 — ZeroAvia, the leading innovator in decarbonizing aviation has been named to the Cleantech Group’s New 50 to Watch List. The company recently completed of the world’s first hydrogen fuel cell commercial flight.
The 2020 50 to Watch is the second annual list of the Cleantech Group’s top early-stage private companies delivering innovative solutions to combat the climate crisis. The entrepreneurs in the list are creating new technologies and business models that could solve the plastics crisis, regenerate soils, seed new forests, create climate-positive buildings and end desertification.
Val Miftakhov, founder and CEO of ZeroAvia said:
“We are honored to be included in this impressive list alongside so many other notable leaders dedicated to overcoming the world’s greatest climate challenges. This recognition acknowledges the significant role air travel has in CO2 emissions and further reinforces the importance of our HyFlyer program enabling commercial zero-emission aviation at scale. We look forward to our six-seat aircraft making its next milestone, a 250-mile zero-emission flight, by the end of the year.”
Jules Besnainou, Director Cleantech Group said:
“Despite a worsening climate crisis and inaction from world leaders, this year’s 50 to Watch companies show us that with dedication and innovation, a climate-positive future is possible.”
To arrive at the companies on the list, Cleantech Group put together a diverse panel of more than 30 early-stage investment and innovation experts from five continents. The Expert Panel nominated the companies they were most impressed with, focusing on innovative solutions to the climate crisis. Next, those nominations were combined with Cleantech Group nominations and added to research on early-stage public awards. The resulting 500 nominations were put through qualitative and impact filters. All nominations were weighted according to their relevance, keeping a sectoral and geographical balance. A shortlist of 150 companies was agreed. The Expert Panel then reviewed and scored this shortlist to arrive at the final 50.
About Cleantech Group
Cleantech® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.
ZeroAvia is a leader in zero-emission aviation, focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting 500 mile range in 10-20 seat aircraft used for commercial passenger transport, package delivery, agriculture, and more. Based in London and California, ZeroAvia has already secured experimental certificates for its two prototype aircraft, passed significant flight test milestones, and is on track for commercial operations in 2023. The company’s expanding UK operations are partially supported by the grant from UK’s Aerospace Technology Institute and Innovate UK, and ZeroAvia is part of the UK Government’s Jet Zero Council. For more, please visit ZeroAvia.com, follow @ZeroAvia on Twitter, Instagram, and LinkedIn.
For detailed information on ZeroAvia outlook as an innovator, visit Cleantech Group’s market intelligence platform i3
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