StoryFunding
Heart Aerospace raises $107M Series B to develop the ES-30
Heart Aerospace raised $107 million Series B funding for the ES-30, a 30-seat regional plane designed to fly 200 km on batteries alone, 400 km in hybrid mode with 30 passengers, or 800 km with 25 passengers. Investors included Air Canada, United, Breakthrough Energy Ventures and EQT; Heart reported 250 firm orders and 120 options.
- Total financing now $145 million after Series A rounds; new investors include Sagitta Ventures
- Air Canada added $5 million new commitment in this round; United Airlines and other major carriers invested
- 250 confirmed orders, 120 additional options and purchase rights, 191 letters of intent for more aircraft
- ES-30 is only clean-sheet hybrid-electric aircraft of its size with active type certification application with EASA