Hybrid-Electric Airplane Manufacturer Heart Aerospace Raises $107M

The series B round brought the company’s total funding raised to date to $145 million, supporting development of the ES-30 regional airplane.

Jack Daleo

Friday, February 02, 2024 at 05:20 PM ET

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Heart Aerospace’s hybrid-electric ES-30 regional airplane promises lower emissions, noise, and operating costs compared to conventionally fueled aircraft. [Courtesy: Heart Aerospace]

Key Takeaways:

Heart Aerospace, manufacturer of the 30-seat ES-30 hybrid-electric regional airplane, secured $107 million in Series B funding, bringing its total to $145 million.
This funding will be used to achieve EASA type certification for the ES-30 by 2028, a plane designed to significantly reduce emissions, noise, and operating costs for regional routes.
The ES-30 employs a hybrid-electric system offering zero-emissions flight for up to 124 sm, extended range with sustainable aviation fuel (SAF), and has over 500 orders, options, and letters of intent from airlines including United, Air Canada, and JSX.

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A manufacturer planning to build hundreds of hybrid-electric aircraft for United Airlines’ fleet just secured some major funding.

Heart Aerospace, maker of the 30-seat, hybrid-electric ES-30 regional airplane, this week raised $107 million in a series B round, bringing the company’s total funding raised to date to $145 million. The money will go toward type certification for the ES-30 under the European Aviation Safety Agency’s (EASA) CS-25 large aeroplanes category, expected in 2028.