H55 Raises CHF 45M in Series C Financing


H55, a Sion, Switzerland-based company providing electric propulsion technologies for the aviation industry, raised CHF 45M in Series C funding.

The round was led by ND Capital, Tippet Venture Partners, RTX Ventures and private investors.

The company intends to use the funds to accelerate the commercialization of electric and hybrid propulsion solutions and battery systems for the emerging electric aviation industry, enabling it to respond to growing demand for its propulsion and battery systems. The financing will support H55 path to Type Certification (TC) by 2024.

Led by CEO Martin Larose, and Executive Chairman André Borschberg, H55 provides electric propulsion systems that are designed to enhance the sustainability, efficiency, and safety of the aerospace sector.

The secured funds will be deployed to finance H55’s ongoing infrastructure investments including building a factory in its recently established Montreal, Quebec facility, moving to semi and automated production in the company’s production facilities in Switzerland and Canada and opening a subsidiary in Toulouse, France. These financial resources will also expedite the development and commercialization of its electric aviation technologies, encompassing advanced propulsion systems and battery technologies.