SION — H55 closes its Series C funding round, securing CHF 65 million, including investment from the Government of Québec.
Martin Larose, CEO of H55, said, “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.”
This will enable H55 to complete the EASA final certification testing requirements for its propulsion battery pack by the end of 2024. The battery packs will be ready for integration into CS-23 aircraft starting early in 2025.
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.
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