06/06/2026
Maeve Aerospace, a hybrid-electric plane developer backed by major airlines, declared bankruptcy due to failed fundraising efforts.
ZeroAvia, a hydrogen-electric aircraft startup, saw its founder step down and cut its workforce by half, though it continues to receive some industry support.
Aviation startups face ongoing challenges in scaling, certification, infrastructure, and especially in securing the massive long-term capital needed for commercialization.
Two setbacks this week signal a difficult moment for the startups trying to build the next generation of cleaner aircraft. Netherlands-based Two of aviation's leading electric plane startups are in challenging times Maeve Aerospace has collapsed and ZeroAvia's founder has stepped down, raising serio...