Heart Aerospace

Assembly Line

Heart Aerospace raises $107 million in Series B funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Heart Aerospace, Sagitta Ventures

The new round brings the total financing raised by Heart Aerospace since its inception to $145 million. Among new investors is Sagitta Ventures, a Danish investor focused on early-stage companies. Other investors include Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.

Heart Aerospace intends to use the funds to further build its business and make progress toward type certification of the company’s first hybrid-electric airplane, the ES-30. The ES-30 is a regional airplane with a seating capacity of 30 passengers that offers lower emissions, lower noise pollution and lower operating costs on short haul routes than current conventionally fueled airplanes.

Read more at Heart Aerospace Newsroom