Swedish hybrid-electric airplane maker Heart Aerospace today announced it raised a total of $107 million in Series B funding, representing another significant stepping stone toward sustainable regional air travel. The new round brings the total financing raised by Heart Aerospace since its inception to $145 million. ‘We couldn’t be more excited about this round,” said Anders Forslund, co-founder, and CEO of Heart Aerospace. Heart Aerospace is taking decarbonization to the skies and we’re proud to be funding technology that will fundamentally change the aviation industry,” said Ted Persson. Heart Aerospace has 250 orders for the ES-30, with options and purchase rights for an additional 120 planes.

Source: News Business Ethiopia February 02, 2024 07:36 UTC