H55, a pioneer in electric aviation technologies, is excited to announce that Investissement Québec will invest in equity in H55.
H55 leads the way in electric aviation, specializing in certified electric propulsion, battery storage, and energy management solutions.
The European Union Aviation Safety Agency's (EASA) approval of its Compliance Check List for its electric motor, battery packs, and energy management systems made H55 the first company to meet.
The primary hub for H55's North American manufacturing operations will be H55 Canada.
Investissement Québec's investment would provide financial support to scale up North American production, engineering, and research and development activities.
Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for de Metropolis and the Montréal Region stated that today's announcement is an excellent demonstration of our commitment to developing Québec's economy.
"Invest Québec's investment in H55 would accelerate our operational expansion in Québec", says André Borschberg, Co-Founder and Executive Chairman of H55.
H55's CEO, Martin Larose expressed enthusiasm, stating, "We would be delighted to welcome Invest Québec as a valued strategic partner."

Source prnewswire