Hydrogen aviation pioneer Universal Hydrogen goes bust after burning through $100m from investors
Posted: Tue Jul 02, 2024 2:18 am
Hydrogen aviation pioneer Universal Hydrogen goes bust after burning through $100m from investors
Read more here:
https://www.hydrogeninsight.com/innovat ... -1-1669782
See the Universal Hydrogen's 40-seat plane that took to the skies for the first time in March last year at Moses Lake, Washington state. ( Photo: Universal Hydrogen )
Hydrogen aviation pioneer Universal Hydrogen has been wound up after burning through the $100m it had raised from investors and failing to raise further capital.
The California-based start-up, which was launched in 2020, successfully flew a small regional plane with one hydrogen-powered electric motor and one conventional engine last year, but this was not enough to secure its future.
Read more here:
https://www.hydrogeninsight.com/innovat ... -1-1669782
See the Universal Hydrogen's 40-seat plane that took to the skies for the first time in March last year at Moses Lake, Washington state. ( Photo: Universal Hydrogen )
Hydrogen aviation pioneer Universal Hydrogen has been wound up after burning through the $100m it had raised from investors and failing to raise further capital.
The California-based start-up, which was launched in 2020, successfully flew a small regional plane with one hydrogen-powered electric motor and one conventional engine last year, but this was not enough to secure its future.