A few months ago, we wrote about a boom in funding to startups focused on hydrogen energy.
As it turns out, the cycle is not over. Rather, companies tied to low-emission hydrogen have continued to land big rounds for technologies tied to producing fuel and developing hydrogen-powered batteries and engines.
The most recent to do so is ZeroAvia, a developer of hydrogen-powered airplane engines. The Hollister, California-based company announced last week that it completed an extension round that brings its Series C to $150 million. Scottish National Investment Bank joined as the newest investor, as ZeroAvia pursues a manufacturing facility in Scotland.
Per Crunchbase data, at least 23 hydrogen-focused startups globally have secured financing so far this year, bringing in over $1.4 billion in equity funding.
The companies, listed below, are targeting niches ranging from heavy-duty hydrogen-powered trucks to identifying and commercializing geologic hydrogen sources. Others are developing or scaling production of electrolyzers, devices that use electricity to split water into hydrogen and oxygen.