What is Heart Aerospace?
Heart Aerospace is at the forefront of electrifying regional air travel, developing the ES-30 aircraft designed for zero CO2 emissions on short-haul routes. The company's value proposition centers on substantially lower total operating costs and the ability to open new route opportunities from smaller airports due to its short runway requirements and reduced noise footprint. Heart Aerospace targets aviation industry clients seeking sustainable and economically viable regional transportation alternatives.
How much funding has Heart Aerospace raised?
Heart Aerospace has raised a total of $142M across 2 funding rounds:
Series A
$35M
Series B
$107M
Series A (2021): $35M with participation from Mesa and Energy Ventures
Series B (2024): $107M led by Lowercarbon Capital, Breakthrough Energy Ventures, The European Innovation Council, Norrsken Vc, SAGITTA Group, Air Canada, United Airlines, and Y Combinator
Key Investors in Heart Aerospace
Lowercarbon Capital
Lowercarbon Capital backs kickass companies that make real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to heal the planet.
Breakthrough Energy Ventures
Backed by many of the world's top business leaders, Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation.
Norrsken Vc
Norrsken VC is Europe's leading early-stage impact investor, focusing on companies that address significant global challenges while achieving substantial business growth. The firm invests across all 17 Sustainable Development Goals (SDGs) and emphasizes the importance of measurable impact tied to investment returns.
What's next for Heart Aerospace?
With the recent influx of capital, Heart Aerospace is poised to accelerate its growth trajectory and technological advancements. The strategic investment, particularly from entities with deep ties to the aviation and clean energy sectors, signals strong market confidence in the company's vision. This funding will likely be directed towards scaling production, further research and development of its electric propulsion systems, and expanding its operational capabilities to meet the growing demand for eco-friendly regional air travel. The company's focus on sustainability and cost-efficiency positions it for significant expansion in the evolving aviation landscape.
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