M&A Deal Summary

ZeroAvia Acquires HyPoint

On October 6, 2022, ZeroAvia acquired aerospace company HyPoint

Acquisition Highlights
  • This is ZeroAvia’s 1st transaction in the Aerospace sector.
  • This is ZeroAvia’s 1st transaction in the United States.
  • This is ZeroAvia’s 1st transaction in California.

M&A Deal Summary
Date 2022-10-06
Target HyPoint
Sector Aerospace
Buyer(s) ZeroAvia
Deal Type Add-on Acquisition

Target

HyPoint

Menlo Park, California, United States
HyPoint is a fuel cell stack innovator managed to build next-generation fuel cells with both high specific power and high energy density for aircraft. HyPoint is based in Menlo Park, California.

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Buyer(S) 1

Buyer

ZeroAvia

Hollister, California, United States
Category Company
Sector Aerospace
DESCRIPTION

ZeroAvia is a zero-emission aviation company focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting a 300-mile range in 9-19 seat aircraft by 2024, and up to 700-mile range in 40-80 seat aircraft by 2026. The company has already secured experimental certificates for its two-prototype aircraft from the CAA and FAA, passed significant flight test milestones, secured a number of key partnerships with major aircraft OEMs and major global airlines, and is on track for commercial operations in 2024. ZeroAvia is based in Hollister, California.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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