Heart Aerospace raises $107 million Series B for ES-30 certification work
Heart Aerospace raised $107 million in Series B funding to advance ES-30 certification, hybrid-electric powertrain development and business build-out.
Evidence notes
- Heart Aerospace said the $107 million Series B brought total financing raised since inception to $145 million.
- Investors included Air Canada, Breakthrough Energy Ventures, EIC Fund, EQT Ventures, Lowercarbon, Norrsken, United Airlines and Y Combinator.
- The company said the ES-30 had 250 orders, options and purchase rights for 120 additional aircraft, and letters of intent for 191 more.
Company context
Heart Aerospace develops hybrid-electric regional aircraft and propulsion systems for short-haul aviation.