Gothenburg,Sweden–July 14, 2021– Heart Aerospace,a company building a 19-seaterelectric airplane, has raised a $35M Series A roundled by Breakthrough Energy Ventures,United Airlines Ventures and Mesa AirGroup Inc. Inaddition, Heart’s seed investors EQTVentures and Lowercarbon Capital, have participatedin the round.

As part of the agreement, United and Mesa have togetherplaced purchase orders, subjectto terms, for 200 aircraft, the ES-19, with optionsfor an additional 100 planes.

”I can’t imagine a stronger coalition of partnersto advance our mission to electrify short-haulair travel.” said Anders Forslund, CEO of Heart Aerospace.“There’s BEV – the world’s mostinfluential climate fund. There’s United – one ofthe world’s largest airlines, who’s poised tobe the global leader in decarbonising air travel,and there’s Mesa, the largest operator of19-seater aircraft in history. This combination ofnear-term commercial viability and long-term climate investment philosophy is exactly what we need to make commercial electric air travela reality ”.

“Aviation is such a critical piece of our global economy.At the same time, it’s a major sourceof carbon emissions and one of the most difficultsectors to decarbonize,” said CarmichaelRoberts, Breakthrough Energy Ventures. “We believeelectric aircraft can betransformational in reducing the emissions of theindustry, and enable low cost, quiet andclean regional travel on a broad scale. Heart’s visionaryteam is developing an aircraftaround its proprietary electric propulsion technologythat will allow airlines to operate at afraction of the cost of today and has the potentialto change the way we fly.”With this new agreement, United Airlines is deepeningits bold commitment to reduce itsgreenhouse gas emissions 100% by 2050 without relyingon traditional carbon offsets, aswell as enabling the growth of Heart Aerospace andparticipating in the development ofaircraft that will reduce greenhouse gas emissionsfrom flying altogether.