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Aviation startups face a unique challenge when fundraising. With years or even decades before their products can come to market, it s difficult to find traditional investors willing to wait that long to see a return.
The startups also face significant capital expenses as they work to develop new hardware, not just software or e-commerce solutions.
The CEO of hydrogen plane startup ZeroAvia which just raised $21.4 million in its Series A funding round said that it s crucial for companies like his to find the right need in the market, and focus on attracting the right type of investor.