Microsoft co-founder Bill Gates is putting his money as well as his mouth behind the push for new energy technologies.
First, about the money: Gates’ Breakthrough Energy Ventures is doubling down on its investment in ZeroAvia, a startup that’s working on a hybrid hydrogen-electric powertrain for aircraft capable of flying more than 50 passengers.
Back in December, Breakthrough Energy Ventures led a Series A funding round that raised $21.4 million for the U.S.-British company, with Amazon’s Climate Pledge Fund joining in the round. This week, ZeroAvia said Gates’ energy innovation fund is participating in a follow-up investment round amounting to another $24.3 million.
