H55 signs first financing round with NanoDimension
The Swiss electric plane startup H55, headed by solar pioneer André Borschberg, has completed its first round of financing with help from NanoDimension, a venture capital firm from Silicon Valley.
The investment, the amount of which has not been disclosed as of yet, will enable H55 to put their electric propulsion power in the sky. The first project by H55, a prototype electric stunt plane called aEro1, has already completed 50 flight hours during testing.
The one seated electric plane was only able to remain airborne for one hour, however the newest version has doubled the time for 2 hours of flying.
The long term goal of H55 is to consolidate the knowledge gained from the Solar Impulse and Solar Impulse 2 projects to build drivetrain technology. To do this, Borschberg’s team will analyze and redevelop the entire process starting at the energy source up to the pilot controls.
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