Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million. New investors in the round include Mitsubishi HC Capital; Tencent; Stratos; GE Aviation; Waltzing Matilda Aviation; Fourth Realm; Hawktail; Marc Benioff’s TIME Ventures; Jeff Wilke and Spencer Rascoff’s 75; and Sunny Ventures. This funding will enable Universal Hydrogen to conduct the first test flight of its hydrogen fuel cell powertrain on a 40+ passenger regional airliner in 2022 at Moses Lake, Washington. The green hydrogen for the flight will be supplied using Universal Hydrogen’s modular fuel capsules that enable the delivery of hydrogen from the point of production directly to the aircraft using the existing freight network and airport cargo handling equipment without the need for any new infrastructure. The proprietary modular capsule technology is significantly lighter […]