Heart Aerospace has significantly boosted its war chest to develop the 30-seat hybrid-electric ES-30 airliner by closing a Series B funding round that raised $107 million. On February 1, the Swedish company announced that the round had increased its total funding to $145 million.
New investors backing Heart include Denmark’s Sagitta Ventures. The early-stage investor joined other backers for the Series B round, which also include Air Canada, United Airlines, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, and Y Combinator.
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