Saab Partners with Swedish Electric Aircraft Company Heart Aerospace
Saab has committed to becoming a minority shareholder in the Swedish electric aircraft manufacturer Heart Aerospace with a USD 5 million investment.
Saab and Heart Aerospace have also signed a collaboration agreement regarding the supply of subsystems and the exploration of further areas of collaboration, including certification and manufacturing. This is in line with Saab’s ambition to support the transition to sustainable aviation.
“This underlines our commitment to innovative technology and solutions for sustainable aviation. Heart is a pioneer within commercial electric aviation and we look forward to contributing to the future of aviation with our experience of developing solutions at the forefront of technology,” says Micael Johansson, President and CEO of Saab.
Heart Aerospace develops the ES-30, a regional electric airplane with a standard seating capacity of 30 passengers powered by batteries, allowing it to operate with low noise and with zero emissions.
Other Heart Aerospace investors include Breakthrough Energy Ventures, EQT Ventures, European Investment Council, Lower Carbon Capital, Mesa Air Group, United Airlines Ventures and Air Canada.
Sustainability is an integrated part of Saab’s strategy to drive value for customers, partners, employees, owners and society as a whole. Norway has stated that all procurements shall minimise environmental impact and provide safe working conditions in accordance with the ILO.Read more