Showing posts with label Heart Aerospace. Show all posts
Showing posts with label Heart Aerospace. Show all posts

02 February, 2024

Heart Aerospace raises $107 million in Series B funding

Heart Aerospace raises $107 million in Series B funding
Swedish hybrid-electric aeroplane 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.


Among new investors is Sagitta Ventures, a Danish investor focused on early-stage companies. Other investors include Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.

'We couldn't be more excited about this round," said Anders Forslund, co-founder, and CEO of Heart Aerospace. "This investment furthers our mission to decarbonize and democratize air travel. Air travel is globally its infancy. Billions of people around the world are looking to be connected to this amazing infrastructure over the next decade. Meanwhile, the industry has committed to net zero emissions by 2050. The only way forward is to decouple the tremendous growth in aviation from its emissions, and we believe ES-30 is the first stepping stone. Moreover, because of the superior economics of electric aircraft over their fossil-fuel counterparts, the ES-30 will bring back service to communities that have lost connectivity and open many new markets. This upcoming year is an exciting one for Heart Aerospace as we prepare to unveil our full-scale aircraft demonstrator."

In addition to announcing new funding, Heart Aerospace said EQT Ventures partner Ted Persson will be joining the company's Board of Directors.

"As someone said, the Stone Age didn't end because we ran out of stones and the fossil fuel age won't end because we run out of fossil fuels. 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. "We believe that sustainable industrial and electrification solutions are not just the future; they are the present, and our investment strategy reflects our unwavering commitment to driving positive change in these critical sectors."

21 December, 2023

US charter carrier JSX signs up for 100 Heart Aerospace ES-30 aircraft


                                            Swedish hybrid-electric aeroplane maker Heart Aerospace and US charter carrier JSX have signed a Letter of Intent (LOI) for the purchase of 50 of the Swedish company's regional ES-30 aeroplanes, with an option for an additional 50.


SX, which was launched in 2016, is now the biggest public charter carrier in the US, operating point-to-point flights to 24 destinations.

The Letter of Intent forms part of JSX's commitment to sustainable regional transportation in the US, and it is the first carrier in its category to adopt this impactful cutting-edge technology.

"Today's order of the Heart Aerospace ES-30 hybrid-electric aircraft exemplifies our commitment to customer-friendly, carbon-reducing solutions that will offer the lower costs essential to providing vital air service to small communities across the country," says Alex Wilcox, JSX CEO and co-founder. "Heart is a visionary organization that will help JSX serve smaller communities, weaving sustainable regional air travel back into the fabric of American commerce and freedom of movement."

The ES-30 is a regional hybrid-electric airplane with a standard seating capacity of 30 passengers offering low emissions, low noise pollution and lower operating costs on short-haul routes. It will have a fully electric zero-emissions range of 200 kilometres, an extended hybrid range of 400 kilometres with 30 passengers and the flexibility to fly up to 800 kilometres with 25 passengers, all including typical airline reserves.

"We're really excited to be part of JSX commitment toward sustainable regional air travel," said Simon Newitt, President and Chief Commercial Officer at Heart Aerospace. "The ES-30, with its competitive economics and green credentials, fits very well with JSX's vision, and we see not only the opportunity to reconnect many regional routes lost over the years, but also open many more new ones. We believe this transformation will be good for the consumer, good for the economy as well as for the environment." 

Heart Aerospace now has a total of 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes. Including the LOI from JSX, the company also has letters of intent for a further 191 aeroplanes.

 



20 September, 2023

Honeywell and Heart Aerospace agree to collaborate on flight controls for ES-30 electric aeroplane

The new collaboration will help usher in a more sustainable future of aviation.


Electric aeroplane maker Heart Aerospace and Honeywell, a leader in aerospace technology, have announced a collaboration to integrate Honeywell's next-generation flight control system into the new ES-30 regional electric aeropAeropuertoeywell was selected by Heart Aerospace for the Joint Definition Phase of Heart's ES-30 aeroplane the goal, once the phase has been completed successfully, is to fully integrate Honeywell's compact Fly-by-Wire system into development for production.

"We are thrilled to welcome Honeywell to the ES-30 program. With its long track record in flight controls, they are an ideal collaboration partner for Heart Aerospace as we strive to decarbonize air travel before the end of this decade," said Anders Forslund, co-founder and CEO of Heart Aerospace.

Honeywell's next-generation compact Fly-by-Wire system is in an advanced stage of development on multiple aircraft, and its functions are adaptable to the ES-30, allowing Heart to bring its aeroplane to market quickly and cost-effectively.

"Honeywell's flight controls provide the ideal solution for Heart's mission to revitalize and electrify the regional transport market," said Vipul Gupta, President, Electronic Solutions, Honeywell Aerospace. "Honeywell's all-electric compact Fly-by-Wire is a ready-now solution based on decades of flight control experience in all aircraft types, and that reduces development time and risk for Heart."

The ES-30 is a regional electric aeroplane with a 30-passenger standard seating capacity and is driven by electric motors powered by batteries. It will have a fully electric zero-emissions range of 200 kilometres, an extended hybrid range of 400 kilometres with 30 passengers, and the flexibility to fly up to 800 kilometres with 25 passengers, all with typical airline reserves.

Heart Aerospace has 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes.


03 April, 2023

Heart Aerospace and BAE Systems collaborate on batteries for electric aircraft.....

BAE Systems, a leading aerospace and defence company, and Heart Aerospace, a Swedish electric aeroplane maker, announced a collaboration to define the battery system for Heart’s ES-30 regional electric aeroplane.

The battery will be the first of its kind to be integrated into an electric conventional takeoff and landing (eCTOL) regional aircraft, allowing it to efficiently operate with zero emissions and low noise.

“Our industry-leading solution builds on decades of expertise delivering technologies and systems needed to progress sustainable transportation,” said Ehtisham Siddiqui, vice president and general manager of Controls and Avionics Solutions at BAE Systems. “We are delighted to collaborate with Heart Aerospace on the innovative battery system for its electric aeroplane.” 

The program will leverage more than 25 years of BAE Systems’ expertise in electrifying large, heavy-duty industrial vehicles. Today, the company has over 15,000 power and propulsion systems operating in service across the globe. Work on the program will be conducted at the company’s state-of-the-art facility in Endicott, New York.

30 March, 2023

BAE Systems and Heart Aerospace to Collaborate on Battery for Electric Airplane

BAE Systems, a leading aerospace and defence company, and Heart Aerospace, a Swedish electric aeroplane maker, announced a collaboration to define the battery system for Heart’s ES-30 regional electric aeroplane.

The battery will be the first of its kind to be integrated into an electric conventional takeoff and landing (eCTOL) regional aircraft, allowing it to efficiently operate with zero emissions and low noise.

“Our industry-leading solution builds on decades of expertise delivering technologies and systems needed to progress sustainable transportation,” said Ehtisham Siddiqui, vice president and general manager of Controls and Avionics Solutions at BAE Systems. “We are delighted to collaborate with Heart Aerospace on the innovative battery system for its electric aeroplane.”

The program will leverage more than 25 years of BAE Systems’ expertise in electrifying large, heavy-duty industrial vehicles. Today, the company has over 15,000 power and propulsion systems operating in service across the globe. Work on the program will be conducted at the company’s state-of-the-art facility in Endicott, New York.

16 September, 2022

Saab Partners with Swedish Electric Aircraft Company Heart Aerospace

Photo Heart Aerospace / Saab

Saab has committed to becoming a minority shareholder in the Swedish electric aircraft manufacturer Heart Aerospace with a USD 5 million investment.

Saab and Heart Aerospace have also signed a collaboration agreement regarding the supply of subsystems and the exploration of further areas of collaboration, including certification and manufacturing. This is in line with Saab’s ambition to support the transition to sustainable aviation.

“This underlines our commitment to innovative technology and solutions for sustainable aviation. Heart is a pioneer within commercial electric aviation and we look forward to contributing to the future of aviation with our experience of developing solutions at the forefront of technology,” says Micael Johansson, President and CEO of Saab.

Heart Aerospace develops the ES-30, a regional electric airplane with a standard seating capacity of 30 passengers powered by batteries, allowing it to operate with low noise and with zero emissions.

Other Heart Aerospace investors include Breakthrough Energy Ventures, EQT Ventures, European Investment Council, Lower Carbon Capital, Mesa Air Group, United Airlines Ventures and Air Canada.







Air Canada to acquire 30 ES-30 electric regional aircraft from Heart Aerospace

 
Air Canada announced a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace of Sweden. (CNW Group/Air Canada)

                                                            Air Canada announced a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace of Sweden. The revolutionary regional aircraft, expected to enter service in 2028, will generate zero emissions flying on battery power and yield significant operational savings and benefits. Under the agreement, Air Canada has also acquired a US$5 million equity stake in Heart Aerospace.


"Air Canada has taken a leadership position in the industry to address climate change. The introduction into our fleet of the ES-30 electric regional aircraft from Heart Aerospace will be a step forward to our goal of net zero emissions by 2050," said Michael Rousseau, President and Chief Executive Officer of Air Canada. "Already, Air Canada is supporting the development of new technologies, such as sustainable aviation fuels and carbon capture, to address climate change. We are now reinforcing our commitment by investing in revolutionary electric aircraft technology, both as a customer for the ES-30 and as an equity partner in Heart Aerospace."

The future of SAS regional fleet could be electric....

Heart Aerospace ES-30 - the future of regional air travel in Europe

The Scandinavian airline, SAS has signed a Letter of Support with Heart Aerospace for the option to add their new electric aircraft, ES-30 to the SAS regional aircraft fleet. This has the potential of being a significant step on SAS’ sustainability journey, enabling zero-emission flights on routes within Scandinavia. 

The electric aircraft will be certified for commercial flights by 2028.


Together with the entire industry, we have the responsibility to make air travel more sustainable. SAS is dedicated to transforming aviation so that coming generations can continue connecting the world and enjoy the benefits of travel – but with a more sustainable footprint. The letter of support with Heart Aerospace is an important step in that direction, says SAS President & CEO Anko van der Werff.

The ES-30 has a fully electric range of 200 kilometres. A reserve-hybrid system is installed to secure reserve energy requirements without cannibalizing battery range, and it can also be used during cruises on longer flights to complement the electrical power provided by the batteries. This gives the ES-30 an extended range of 400 kilometres with 30 passengers, and the flexibility to fly up to 800 kilometres with 25 passengers, all inclusive of typical airline reserves.

SAS joined forces with Heart Aerospace already back in 2019 to drive the development of electric aircraft.


The electric aircraft will be a great complement to our existing fleet serving shorter and thinner routes in Denmark, Norway and Sweden, in a more sustainable way. The innovation and new technology this represents will take us towards our future goal of becoming a zero-emission industry, he concludes.
SAS will also be part of Heart Aerospace’s new Industry Advisory Board and will assist in defining the requirements for the ES-30 aircraft. The partnership between SAS and Heart Aerospace is the next step toward securing more sustainable air travel for generations to come.







13 December, 2021

Garmin G3000 integrated flight deck selected by Heart Aerospace for the first all-electric ES-19 airliner


Garmin® International announced a long-term agreement with Heart Aerospace to provide the state-of-the-art Garmin G3000® integrated flight deck for the ES-19 electric airliner. Heart Aerospace is working to develop the new ES-19, a 19-seat electric airliner that has the potential to provide the regional air transport market with a more sustainable and environmentally friendly aircraft option as early as 2026. Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft once the aircraft meets United’s safety, business and operating requirements.

“It’s an honour to have our G3000 integrated flight deck chosen for the ES-19 and to work alongside the Heart Aerospace and United Airlines teams in their commitment to long-term sustainability by reducing aviation’s carbon emissions,” said Carl Wolf, Garmin vice president of aviation and marketing. “We’re confident in Heart’s practical, market-driven approach to expanding the regional air transport market with the introduction of the first all-electric airliner, whose lower operating costs have the potential to enable more universal access to air travel and a broader network of short-haul flights.”

“We’re thrilled to have Garmin provide their industry-leading G3000 integrated flight deck, customized and optimized for integration and operation, in our ES-19 all-electric airliner,” said Anders Forslund, CEO of Heart Aerospace. “Known for award-winning innovation and unmatched reliability and performance, Garmin was the perfect avionics choice for this transformational aircraft.”

13 July, 2021

Mesa orders 100 Heart Aerospace All-Electric Aircraft

 Mesa Air Group, Inc. announces that it has made an investment in electric aircraft company, Heart Aerospace (“Heart”), a company that plans to be the first to produce the world’s first electric nineteen-seat ES-19 aircraft, alongside Breakthrough Energy Ventures and United Airlines Ventures. Subject to certain terms, Mesa also plans to add 100 ES-19 aircraft to its regional fleet, revolutionizing air service to small markets as one of the first network air carriers to help decarbonize air travel through the use of electric aircraft. This announcement expands on the efforts that Mesa has made in the emerging transition to electric-powered flight with airlines such as United Airlines – first with the announcement of an investment in Archer Aviation and its eVTOL aircraft, and now with the ES-19, a fully electric nineteen-seat regional aircraft.


“As we continue to explore opportunities in electric aviation, we are excited to expand our efforts to reduce the reliance on fossil fuels in the airline industry and are proud to work with Heart to launch the world’s first electric regional aircraft. Mesa intends to continue its expansion through the introduction of revolutionary technology that benefits our passengers and the environment. We are delighted to take this important step in the de-carbonization of air travel through our co-investment with Breakthrough Energy Ventures and United Airlines Ventures in Heart”, said Jonathan Ornstein, Chairman and Chief Executive Officer. “These technological innovations are good for the environment, will expand the national transportation system, and provide significant growth opportunities for Mesa. We look forward to reconnecting with communities and passengers we previously served.”

Electric aircraft set to take flight by 2026 says United Airlines.................United signs agreement to acquire 100 of Heart Aerospace's ES-19 aircraft

United signs the deal for 100 aircraft and United Express regional partner, Mesa Airlines, also signs an agreement to acquire 100 of the electric aircraft.



United Airlines Ventures (UAV) -  the airline's corporate venture capital fund, confirmed today it, along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, has invested in electric aircraft startup Heart Aerospace.

Heart Aerospace is developing the ES-19, a 19-seat electric aircraft that has the potential to fly customers up to 250 miles before the end of this decade. In addition to UAV's investment, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft, once the aircraft meet United's safety, business and operating requirements. Mesa Airlines, United's key strategic partner in bringing electric aircraft into commercial service, has also agreed to add 100 ES-19 aircraft to its fleet, subject to similar requirements.

UAV is building a portfolio of companies that focus on innovative sustainability concepts and create the technologies and products necessary to build a carbon-neutral airline and reach United's net-zero greenhouse gas emissions goals. With this new agreement, United is deepening its bold commitment to reduce its greenhouse gas emissions 100% by 2050 without relying on traditional carbon offsets, as well as enabling the growth of Heart Aerospace and participating in the development of aircraft that will reduce greenhouse gas emissions from flying.

"Breakthrough Energy Ventures is the leading voice of investors who are supporting clean-energy technology creation. We share their view that we have to build companies who have real potential to change how industries operate and, in our case, that means investing in companies like Heart Aerospace who are developing a viable electric airliner," said Michael Leskinen, United's Vice President Corp Development & Investor Relations, as well as UAV's President. "We recognize that customers want even more ownership of their own carbon emissions footprint. We're proud to partner with Mesa Air Group to bring electric aircraft to our customers earlier than any other US airliner.  Mesa's long serving CEO, Jonathan Ornstein has shown visionary leadership in the field of electric-powered flight."

UAV and BEV are among the first investors in Heart Aerospace, demonstrating confidence in Heart's design and creating potential for Heart to fast track the ES-19 introduction to market as early as 2026.

"Aviation is such a critical piece of our global economy. At the same time, it's a major source of carbon emissions and one of the most difficult sectors to decarbonize," said Carmichael Roberts, Breakthrough Energy Ventures. "We believe electric aircraft can be transformational in reducing the emissions of the industry, and enable low cost, quiet and clean regional travel on a broad scale. Heart's visionary team is developing an aircraft around its proprietary electric motor technology that will allow airlines to operate at a fraction of the cost of today and has the potential to change the way we fly."


By utilizing electric motors instead of jet engines, and batteries instead of jet fuel, Heart's ES-19 aircraft will have zero operational emissions. Seating 19 passengers, the ES-19 aircraft will also be larger than any of its all-electric competitors and will be designed to operate on the same types of batteries used in electric cars.  Once operational, the ES-19 could operate on more than 100 of United's regional routes out of most of its hubs. Some of these routes include Chicago O'Hare International Airport (ORD) to Purdue University Airport (LAF) and San Francisco International Airport (SFO) to Modesto City-County Airport (MOD).  





"Electric aircraft are happening now—the technology is already here," said Anders Forslund CEO of Heart Aerospace. "We couldn't be prouder to be partnering with United, Mesa and BEV on taking our ES-19 aircraft to market. I can't imagine a stronger coalition of partners to advance our mission to electrify short-haul air travel."

Once operational, Heart's ES-19 could give customers access to the convenience of flight without contributing to carbon emissions that cause climate change.

"We expect the short-haul regional air travel market to play a key role in the evolution of the electric aircraft.  As battery technology improves, larger-gauge aircraft should become viable but we're not going to wait to begin the journey," Leskinen said. "That's why we're looking forward to beginning our work with Heart, so that, together, we can scale the availability of electric airliners and use them for passenger flights within the next five years."




More top stories you might be interested in.....


Follow this site here.





Search