May 8, 2021
Business News

Universal Hydrogen Announces $20.5M in Series A Funding to Build and Test Full-Scale Hardware for Hydrogen Commercial Aircraft


LOS ANGELES–()–Universal Hydrogen, the company fueling carbon-free flight, today announced its $20.5M Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape. Founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon, Universal Hydrogen stitches together the end-to-end hydrogen value chain for aviation, both for hydrogen fuel and hydrogen-powered airplanes.

Today’s financing allows Universal Hydrogen to accelerate…



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