Heart Aerospace Raises $107M in Series B

Heart Aerospace has successfully raised $107M in a Series B at a $500M valuation led by Breakthrough Energy Ventures, United Airlines Ventures, Air Canada, Mesa Airlines, Saab.

Company Overview

Heart Aerospace is a Aviation company headquartered in Gothenburg, Sweden, founded in 2018 with 150+ employees.

Electric regional aircraft

Fundraising Details

Amount Raised: $107M
Round Type: Series B
Valuation: $500M
Date: 2024-11-15
Investors: Breakthrough Energy Ventures, United Airlines Ventures, Air Canada, Mesa Airlines, Saab

About Heart Aerospace

Electric regional aircraft The company is positioned in the Aviation sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Gothenburg, Sweden
Founded: 2018
Team Size: 150+
Industry: Aviation

What This Means

This funding round demonstrates strong investor confidence in Heart Aerospace's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Aviation sector continues to attract significant investment as companies innovate to meet evolving market demands. Heart Aerospace's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for Heart Aerospace, positioning the company among notable players in the Aviation industry.

Looking Ahead

With this new capital, Heart Aerospace is well-positioned to execute on its growth strategy and continue building innovative solutions in the Aviation space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-15. For more information about Heart Aerospace, visit their headquarters at Gothenburg, Sweden.