Canadian Manufacturing

H55 announces investment from the government of Que.

by CM Staff   

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This investment in H55 would be in line with the Government's plans to establish a new innovation zone, Espace Aéro, focusing on the aerospace industry.

SION — H55, involved in electric aviation technologies, announces the intention of the Government of Québec to invest in equity in H55. Led by Investissement Québec, this investment marks a milestone in H55’s journey to bring certified electric propulsion solutions to North America, supporting the company’s production ramp-up and research and development activities. This investment in H55 would be in line with the Government’s plans to establish a new innovation zone, Espace Aéro, focusing on the aerospace industry.

Headquartered in Switzerland, H55 leads the way in electric aviation, specializing in certified electric propulsion, battery storage, and energy management solutions. With a steadfast commitment to safety, performance, and sustainability, the company is enabling the aviation industry to achieve net zero emissions.

In late March, H55 also announced European Union Aviation Safety Agency’s (EASA) approval of its Compliance Check List for its electric motor, battery packs, and energy management systems. Regulatory engagements with the FAA and Transport Canada are underway to expedite North American Type Certification.

H55 Canada, located in the Greater Montreal region in Longueuil, will serve as the primary hub for H55’s North American manufacturing operations. Initial battery pack production is set to commence in late 2024. H55 Canada will continue to collaborate on product development and engineering customization with key customers, including Pratt & Whitney Canada, CAE, and Harbour Air.

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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 : “Today’s announcement is an excellent demonstration of our commitment to developing Québec’s economy. With the arrival of a key player like H55, our ecosystem will be stronger than ever.”

Expressing gratitude for the Government of Québec’s steadfast support, André Borschberg, Co-Founder and Executive Chairman of H55, emphasizes, “Invest Québec’s investment in H55 would accelerate our operational expansion in Québec.” Emphasizing the Aerospace Innovation Zone’s dynamic environment, he adds, “This zone offers unparalleled opportunities, uniting companies and academic institutions aligned with our vision of revolutionizing aviation paradigms. We are honored to be chosen by the Government to play a pivotal role in shaping Québec into a leading global hub for clean aviation.”

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