Dealflow | October 25, 2021

Singapore’s H3 Dynamics closes $26 million for hydrogen-powered air cargo and logistics

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 25 – H3 Dynamics is the latest hydrogen-fuel startup to secure investor backing in the race to green the aviation industry. While companies like Universal Hydrogen and ZeroAvia are focusing on commercial aircraft, H3 Dynamics is taking on long-range air logistics with unmanned drones and cargo aircraft.

H3 is rolling out hydrogen-powered drones for inspections and incident-response, including high-rise building inspections, e27 reports. The company expects to expand into commercial passenger aircraft.

Toyota Motor-backed SPARX Mirai Creation Fund EDBI, ACA investors, Capital Management Group, Ascent Hydrogen Fund and others backed H3’s $26 million Series B round.