No Result
View All Result
  • Login
Thursday, October 30, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Startups

Sweden’s Heart Aerospace abandons Europe for US skies; relocates HQ to LA, slashes 75 jobs

by FeeOnlyNews.com
6 months ago
in Startups
Reading Time: 2 mins read
A A
0
Sweden’s Heart Aerospace abandons Europe for US skies; relocates HQ to LA, slashes 75 jobs
Share on FacebookShare on TwitterShare on LInkedIn


Gothenburg, Sweden-based Heart Aerospace, a hybrid-electric aeroplane maker, announced the relocation of its corporate headquarters from Gothenburg, Sweden, to Los Angeles, California.

As part of this transition, Heart has decided to close its operations in Sweden, resulting in the firing of 75 employees, according to the report. 

According to Flight Global, Heart Aerospace already axed 72 roles in February last year, after a major design change to the ES-30.

The relocation announcement aims to enhance product development in the U.S. for the upcoming experimental flights of the Heart X1 and future Heart X2 prototypes.

“Our move to Los Angeles marks a new chapter in Heart Aerospace’s journey—one that prioritises iterative development and deeper vertical integration,” says Aysnders Forslund, co-founder and CEO of Heart Aerospace.

“For the X2, we’re developing key technologies like batteries, actuation systems, software, and hybrid-electric hardware in-house. This approach allows us to refine and enhance our systems continuously, just as we’ve done with the X1 prototype, which has seen extensive testing and major design updates since its initial rollout in 2024,” adds Forslund.  

Heart Aerospace: Test flight with Heart X1

The company is planning to conduct the first fully electric experimental flight of its demonstrator airplane, Heart Experimental 1 (Heart X1), at upstate New York’s Plattsburgh International Airport in 2025. 

The first experimental flight of Heart X1 is set to become the largest fully electric aircraft ever to fly.

It has an all-electric, zero-emissions range of 200 kilometers and an extended hybrid range of 400 kilometres.  

Plattsburgh International Airport was chosen for its location in the Champlain Valley, an emerging hub for next-generation transportation.

Raised €94M funding

Last year, the company raised $107M (approximately €94M) in a Series B funding round in 2024 and recently secured an additional $40M (approximately €35M) investment.

“We are deeply grateful to our team in Sweden for being part of this chapter of Heart’s journey, and for all the support we have received in Sweden,” says Anders Forslund.

“However, as our customers, partners, and investors are increasingly based in the U.S, we see greater opportunity in focusing our resources here. By consolidating our operations in Los Angeles, we can accelerate development, strengthen collaboration, and better position Heart 

Aerospace for the future,” adds Forslund.

The company is backed by investors, including Air Canada, Gates’ Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lower Carbon Capital, Norrsken VC, United Airlines, and Y Combinator.



Source link

Tags: AbandonsAerospaceEuropeHeartJobsrelocatesskiesSlashesSwedens
ShareTweetShare
Previous Post

Quick and Easy Ideas for Fundraising on a Tight Budget

Next Post

The Trump Administration Is Not Serious About Ending Endless Wars

Related Posts

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

by FeeOnlyNews.com
October 30, 2025
0

The ChipNL Competence Centre launches in Eindhoven to boost the Dutch semiconductor industry. It aims to connect companies with facilities,...

The Prompting Company snags .5M to help products get mentioned in ChatGPT and other AI apps

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

by FeeOnlyNews.com
October 30, 2025
0

People are increasingly asking AI, not Google, to help them discover products. A recent shopping report says Americans, this holiday...

India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

by FeeOnlyNews.com
October 29, 2025
0

India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That...

Building the Foundation for the Future of Services: Inside the York IE Hub

Building the Foundation for the Future of Services: Inside the York IE Hub

by FeeOnlyNews.com
October 29, 2025
0

The future of professional services isn’t coming…it’s already here. Artificial intelligence, automation, and data are rewriting the rules of the...

NVIDIA invests B in Nokia to build AI-powered RAN for the 6G era

NVIDIA invests $1B in Nokia to build AI-powered RAN for the 6G era

by FeeOnlyNews.com
October 29, 2025
0

|October 29, 2025|Last update:October 29, 2025Image credits: MuhammadAlimaki/DepositPhotos NVIDIA and Nokia to sign a strategic partnership to enable accelerated development...

30 Days That Changed My Business: The Net-30 Lesson

30 Days That Changed My Business: The Net-30 Lesson

by FeeOnlyNews.com
October 29, 2025
0

The idea that a business lives or dies depending solely on the personal qualities of its founder—innovativeness and grit, for...

Next Post
The Trump Administration Is Not Serious About Ending Endless Wars

The Trump Administration Is Not Serious About Ending Endless Wars

2025 Tobacco Stocks List | The 5 Best Now, Ranked In Order

2025 Tobacco Stocks List | The 5 Best Now, Ranked In Order

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
8 Medigap “Gaps” You Only Notice After a Hospital Transfer

8 Medigap “Gaps” You Only Notice After a Hospital Transfer

0
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

0
Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

0
Strategy Q3 Income Narrows to .8B as mNAV Shrinks

Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks

0
Apple Q4 revenue grows on strong iPhone sales; results beat estimates

Apple Q4 revenue grows on strong iPhone sales; results beat estimates

0
El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

0
Strategy Q3 Income Narrows to .8B as mNAV Shrinks

Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks

October 30, 2025
El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

October 30, 2025
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

October 30, 2025
8 Medigap “Gaps” You Only Notice After a Hospital Transfer

8 Medigap “Gaps” You Only Notice After a Hospital Transfer

October 30, 2025
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

October 30, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks
  • El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)
  • Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.