E-aircraft H55 brings CHF20M financing round to secure certification of electric propulsion system

08.12.2020 14:19, Jonatan Masseus

H55, a developer of electric propulsion and battery management solutions to enable clean aviation has obtained CHF 20M from existing and new investors, a round led by +ND Capital and Tippet Venture Partners.

H55 develops certified electric propulsion and battery management solutions to enable the clean aviation revolution. The company focuses on the entire propulsion chain, starting from the energy source and its management, through thrust and power, to pilot interface and control systems. H55 has now developed a certifiable modular battery system, which can be used in any new electric aircraft concepts and designs. 

The financing round was led by +ND Capital and Tippet Venture Partners and H55's new capital is planned to be allocated to secure certification for its electric propulsion system. In other words, the funds will allow the company to expand its operations and engineering team to achieve the design and production certification from the European Aviation Safety Agency (EASA), planned for 2021. H55 will also finalize certifying its patented propulsion and modular battery system.

H55's Co-founder and CEO, André Borschberg, is an entrepreneur who conceived, whit his team of engineers, a solar airplain of unlimited endurance and, alternating with Bertrand Piccard in the cockpit, successfully completed the first circumnavigation of the globe without a drop of fuel and establishing a world record by flying for the first time ever 5 days and 5 nights non-stop over the pacific ocean. 

H55 has been supported by TOP100.