Aviation H2 begins capital raise as it targets 2023 for its first hydrogen-fuelled aircraft

Aviation H2, a company aiming to develop a hydrogen-fuelled aircraft by 2023, has launched a capital raise today (April 28).

This capital raise is expected to support in the development of the hydrogen-fuelled aircraft with the company seeking $500k to achieve this.

The capital raise comes as the feasibility study has been completed, which provides a clear pathway to building Australia’s first hydrogen-powered plane.

As well as this, a strategic partnership with FalconAir gives Aviation H2 access to their Bankstown hangar, facilities and operating licences so they can begin building Australia’s first hydrogen-powered plane.