SION, Switzerland, July 24,
2024 /CNW/ -- H55, a pioneer in electric aviation
technologies, is pleased to announce the closing of its Series C
funding round, including an investment from the Government of
Québec. This funding milestone will enable H55 to complete the EASA
final certification testing requirements for its propulsion battery
pack by the end of 2024, which will be a world's first.
With its headquarters in Switzerland, H55 specializes in certified
electric propulsion, battery packs, and energy management
solutions. Committed to safety, performance, and sustainability,
H55 drives the aviation industry toward net zero emissions with
cutting-edge technologies for a greener future.
The Series C financing round closed at CHF 65 million including the first phase
announced last year. This funding allows 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.
The Series C round includes the Government of Quebec, represented by
Investissement Québec. The funds will also be allocated
to supporting H55's North American expansion which includes
manufacturing at H55's Montreal
facility, product development, and engineering customization with
key customers like Pratt & Whitney Canada, CAE, and
Harbour Air.
André Borschberg, Co-Founder and Executive Chairman of H55, "It
goes without saying that we are delighted in successfully closing
our Series C funding round. H55 will be the first company to be
compliant with its battery packs with the certification
authorities. Being only a few months away from satisfying all the
certification requirements for our batteries will allow us to be
the first in the market, a great achievement for H55"
Martin Larose,
CEO of H55, "We are incredibly proud
to have secured Series C funding, with the
Government of Quebec taking an
equity position in H55. This strategic investment is pivotal for
expanding our North American operations and underscores confidence
in our vision for electric aviation. The support from the
Government of Quebec provides the
necessary resources to advance our certification efforts, while at
the same time scaling up our North American operations."
With this significant achievement H55 is poised
to lead the charge in revolutionizing the electric
aviation industry. The future of clean and efficient air
travel is closer than ever, and the entire H55 team extends its
gratitude to the unwavering support and collaboration from its
investors and partners.
For more information about H55 and its groundbreaking electric propulsion technology, please
visit www.h55.ch.
About H55
H55 is a Swiss-based company founded and led by the former Solar
Impulse management
team, André Borschberg, Sebastien Demont
and Gregory Blatt. H55's mission is to revolutionize the
aviation industry by providing certified electric propulsion and
battery management systems tailored to a diverse range of aircraft
to achieve sustainable air travel. Through a commitment of
providing certified solutions and its pioneering legacy, the H55
team of visionary engineers and aerospace experts is at the
forefront of driving the aviation industry toward a more
environmentally responsible future,
setting new standards, and pushing the boundaries of what
is possible in electric aviation.
For more information press@h55.ch, Axelle
Krummacher, Axelle.krummenacher@h55.ch, +41794642260
H55 SA
Route de l'Aéroport 10 1950 Sion
Switzerland www.h55.ch
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