Assembly Line

Electrifying success: H55 the leading provider of certified electric propulsion technologies raises CHF 45 million in its Series C financing round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: H55, ND Capital, Tippet Venture Partners, Raytheon

The secured funds will be deployed to finance H55’s ongoing infrastructure investments including building a factory in its recently established Montreal, Quebec facility, moving to semi and automated production in the company’s production facilities in Switzerland and Canada and opening a subsidiary in Toulouse, France. These financial resources will also expedite the development and commercialization of H55’s electric aviation technologies, encompassing advanced propulsion systems and state-of-the-art battery technologies.

Read more at H55 News