Tech Company Financing Transactions
H55 Funding Round
H55, based in Sion, secured $73 million from Government of Quebec.
Transaction Overview
Company Name
Announced On
7/24/2024
Transaction Type
Venture Equity
Amount
$73,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to support its North American expansion which includes manufacturing at its Montreal facility, product development, and engineering customization with key customers like Pratt & Whitney Canada, CAE, and Harbour Air.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Route de L'Aeroport 10
Sion, 1950
CH
Sion, 1950
CH
Phone
Website
Email Address
Overview
H55 is the technological spin-off of Solar Impulse. Solar Impulse was the first electric airplane to have flown around the world, propelled only by solar energy.A pioneering journey paving the way for sustainable aviation. With 2 electric airplanes, Solar Impulse's clean propulsion and battery technologies, successfully flew 46'000 km, in 550 flying hours, achieving 14 FAI world records including the longest solo-flight (André Borschberg). All with clean technologies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Martin Larose
Chief Marketing Officer
Gregory Blatt
Chief Operating Officer
Lawrence Blakeley
Chief Technical Officer
Sebastien Demont
Co-Founder
André Borschberg
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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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