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

Verified

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 secured $107 million in Series B funding, bringing its total to $145 million, to achieve type certification for its 30-seat ES-30 hybrid-electric regional aircraft by 2028.
The ES-30 is designed to significantly reduce emissions, noise, and operating costs, offering fully electric zero-emission flights for shorter routes and extended range using turbogenerators with sustainable aviation fuel.
The company has garnered substantial industry support, including major orders and investments from United Airlines (100 firm orders) and Air Canada (30 firm orders and $5 million investment), alongside options and letters of intent for hundreds more aircraft.

See a mistake? Contact us.

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.