What is H55?
H55 is at the forefront of revolutionizing the aviation industry with its advanced electric propulsion systems, aiming to achieve net-zero emissions by 2050. The company specializes in offering certified electric propulsion systems tailored for general aviation and regional transport. A prime example of their innovation is the fully electric Bristell B23 Energic pilot training aircraft. H55 collaborates with global clients, including original equipment manufacturers (OEMs) and operators, adapting its cutting-edge technology for both new aircraft designs and retrofitting existing fleets. Drawing on its foundational experience from the Solar Impulse project, H55 is committed to embedding efficiency and sustainability into the core of modern aviation.
How much funding has H55 raised?
H55 has raised a total of $123.1M across 2 funding rounds:
Series C
$49.6M
Series C
$73.5M
Series C (2023): $49.6M with participation from Tippet Venture Partners, RTX, and ND Capital
Series C (2024): $73.5M led by Investissement Quebec
Key Investors in H55
Investissement Quebec
Investissement Quebec, established in 1998, is a Quebec-based entity focused on driving investment and economic development. They provide a comprehensive suite of financial solutions, including loans, guarantees, and equity investments, to support business growth.
Tippet Venture Partners
Tippet Venture Partners is an investment firm that offers patient capital to entrepreneurs building leading companies. They prioritize backing management teams with innovative solutions in large markets, emphasizing long-term growth and sustainability.
RTX
RTX Corporation is a global aerospace and defense company providing advanced systems and services. Their involvement suggests a strategic interest in H55's electric propulsion technology for future aviation applications, potentially integrating it into their existing aerospace portfolio.
What's next for H55?
With the recent infusion of $73.5M in a major strategic investment, H55 is poised for accelerated growth and market expansion. This capital injection, part of its overall $123.1M in funding, will likely fuel further research and development into next-generation electric propulsion technologies, potentially expanding their certified offerings for a wider range of aircraft. The company's focus on sustainability and efficiency positions it favorably to capitalize on the increasing global demand for greener aviation solutions. Strategic partnerships and further technological advancements are anticipated as H55 solidifies its leadership in the burgeoning electric aviation market.
See full H55 company page
