H55 Secures Series C Funding, Including Investment from Quebec Government, to Accelerate Electric Aviation

H55, a Swiss-based company pioneering electric aviation technologies, has successfully closed its Series C funding round, securing CHF 65 million. This includes an investment from the Government of Quebec, marking a significant milestone in H55’s mission to revolutionize the aviation industry with certified electric propulsion and battery management systems. This funding will enable H55 to complete final EASA certification testing for its battery packs by the end of 2024, making them the first company in the world to achieve this feat. The company will also use the funds to expand its North American operations, including manufacturing at its Montreal facility and product development with key customers like Pratt & Whitney Canada, CAE, and Harbour Air.

Gulfstream G700 Receives EASA Certification after FAA Approval

Gulfstream Aerospace, a subsidiary of General Dynamics, has announced that the G700 aircraft has received type certification from the European Union Aviation Safety Agency (EASA), following its certification by the Federal Aviation Administration (FAA) in March 2024. The G700 boasts the largest cabin in business aviation, with a range of up to 7,750 nautical miles and a top speed of Mach 0.935, making it the fastest aircraft in the Gulfstream lineup. Its certification unlocks deliveries for international customers, expanding the next-generation fleet of G700 aircraft worldwide.

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