Swiss electric aviation company H55 has closed a USD 74 million Series C funding round. The new investment came from the Government of Quebec, adding to an initial phase last year. Founded in 2015 by the former management team of Solar Impulse, H55 focuses on certified electric propulsion, battery packs, and energy management for various aircraft.

H55’s CEO announced that the strategic investment will help expand North American operations, highlighting confidence in the company’s vision for electric aviation. The battery packs are set for integration into small aircraft starting early 2025. In March 2024, the European Union Aviation Safety Agency (EASA) approved H55’s Compliance Check List for its Energy Storage System (ESS), confirming it meets operational and environmental standards.

The new funds will support H55 in completing EASA final certification testing for its propulsion battery pack by the end of 2024, marking a world’s first. The investment will also aid H55’s North American expansion, including manufacturing at the Montreal facility, product development, and engineering customization. H55 aims to be the first to comply with certification requirements for its battery packs, positioning it as a market leader.

Link to the news source