H55, a Sion, Switzerland-based company which specializes in electric aviation technologies, raised CHF65M in Series C funding.
Backers included Government of Quebec.
Led by André Borschberg, Sebastien Demont and Gregory Blatt, H55 specializes in certified electric propulsion, battery packs, and energy management solutions.
The company intends to use the funds to support its North American expansion which includes manufacturing at its Montreal facility, product development, and engineering customization with key customers like Pratt & Whitney Canada, CAE, and Harbour Air. This funding also allowed H55 to finalize all EASA certification requirements for its battery packs by the end of this year.
The battery packs will be ready for integration into CS-23 aircraft starting early in 2025. In March 2024, EASA approved H55’s Compliance Check List for its Energy Storage System (ESS), confirming adherence to operational suitability and environmental standards. Rigorous testing has validated the safety and performance of H55’s battery pack, positioning the company at the forefront of electric aviation innovation.
FinSMEs
24/07/2024