Swedish hybrid-electric airplane maker secures significant investment for innovative aircraft

  • Swedish hybrid-electric airplane maker Heart Aerospace raises $107 million in Series B funding
  • Total financing raised by the company now at $145 million
  • Development of first aircraft, the ES-30, continues
  • ES-30 to be certified and ready for service in 2028
  • Plane will have a capacity of 30 passengers
  • Can travel 200 kilometers using only electric power or 400 kilometers at full capacity using electric and hybrid power
  • Flying range increases to 800 kilometers if carrying 25 passengers
  • Heart Aerospace has 250 orders for the ES-30
  • Options and purchase rights for an additional 120 planes
  • Letters of intent for a further 191 planes
  • Air Canada and United Airlines among the airlines that have placed orders
  • Investors include Sagitta Ventures, Air Canada, Breakthrough Energy Ventures, EQT Ventures, European Investment Council, Lower Carbon Capital, Mesa Air Group, and United Airlines Ventures

Swedish hybrid-electric airplane maker Heart Aerospace has successfully raised $107 million in Series B funding, bringing the total financing raised by the company to $145 million. The funding will support the ongoing development of the company’s first aircraft, the ES-30, which is expected to be certified and ready for service in 2028. The ES-30, powered by four electric motors, will have a capacity of 30 passengers and can travel up to 200 kilometers using only electric power or 400 kilometers at full capacity using electric and hybrid power. With 250 orders already received for the ES-30, along with options and purchase rights for an additional 120 planes and letters of intent for a further 191 planes, Heart Aerospace is poised for success. Air Canada and United Airlines are among the airlines that have placed orders, highlighting the industry’s confidence in the company’s innovative technology. The impressive list of investors, including Sagitta Ventures, Air Canada, Breakthrough Energy Ventures, EQT Ventures, European Investment Council, Lower Carbon Capital, Mesa Air Group, and United Airlines Ventures, further demonstrates the strong support for Heart Aerospace’s vision.

Public Companies: Air Canada (AC), Mesa Air Group (MESA)
Private Companies: undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined
Key People:

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Factuality Level: 8
Justification: The article provides specific details about Heart Aerospace’s funding, development of their aircraft, and the capacity and range of the ES-30. It also mentions the investors and airlines involved. However, without further verification, it is difficult to confirm the accuracy of the information provided.

Noise Level: 8
Justification: The article provides information about Heart Aerospace’s recent funding round and the development of their hybrid-electric airplane. It mentions the total financing raised, the timeline for certification and entry into service, the plane’s specifications, and the number of orders and investors involved. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on reporting the facts without delving into the long-term trends, antifragility, or consequences of the company’s decisions.

Financial Relevance: Yes
Financial Markets Impacted: The funding raised by Heart Aerospace may impact the aviation industry and the companies involved in the development and production of hybrid-electric airplanes.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the funding raised by Heart Aerospace for the development of their hybrid-electric airplane. While this news is financially relevant, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com