Company Directory - Heart Aerospace
Company Details - Heart Aerospace
Heart Aerospace
WebsiteSweden
Heart Aerospace is a private Swedish aerospace company focused on developing electric regional aircraft. The company recently completed its first test flight in Norway, demonstrating its innovative approach to sustainable air travel.
CCI Score
CCI Score: Heart Aerospace
-10.89
0.01%
Latest Event
Mass Layoffs Amid Billion Capital Injection
Despite recently securing over 1 billion kronor in new capital and orders for 250 electric hybrid aircraft, Heart Aerospace announced significant workforce reductions by laying off 70 employees, raising concerns about its commitment to fair labor practices.
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ENABLER
Heart Aerospace is currently rated as an Enabler.
Latest Events
- FEB212024
Despite recently securing over 1 billion kronor in new capital and orders for 250 electric hybrid aircraft, Heart Aerospace announced significant workforce reductions by laying off 70 employees, raising concerns about its commitment to fair labor practices.
-50
Labor Relations and Human Rights Practices
March 31
The decision to lay off 70 employees despite a substantial capital injection indicates a disregard for worker security and fair labor practices. This move undermines ethical business practices and raises concerns about the company's commitment to protecting employee rights.
- FEB212024
Heart Aerospace, the Swedish electric aviation startup, has initiated a reorganization to accelerate development of its ES-30 aircraft, resulting in layoff warnings affecting 70 employees—roughly one third of its workforce. The move comes on the heels of a major funding round of over one billion Swedish kronor and substantial orders from international airlines.
-70
Labor Relations and Human Rights Practices
March 31
The decision to lay off 70 employees represents a significant negative impact on worker rights and job security. By reorganizing in a way that affects approximately one-third of its workforce, Heart Aerospace undermines labor stability and fair labor practices, raising serious concerns about the company’s commitment to ethical business practices.
- FEB162024
Heart Aerospace, a Swedish electric regional aircraft developer, announced a reorganization resulting in 70 layoffs, affecting nearly one third of its workforce. The decision has raised concerns regarding the company's labor relations and potential negative impacts on worker rights.
-70
Labor Relations and Human Rights Practices
March 31
The announcement of laying off 70 employees amid a corporate reorganization raises concerns about the company’s commitment to fair labor practices and worker rights. From an anti-fascist, pro-worker perspective, such a significant reduction in workforce undermines job security and can have adverse impacts on the marginalized, especially when replacing dialogue and negotiation with mass layoffs.
- FEB162024
Heart Aerospace, a Swedish aerospace firm developing hybrid‐electric aircraft, has initiated a redundancy process that could lead to the departure of up to 70 employees as part of a strategic realignment to accelerate the development of its hybrid-electric powertrain.
-60
Labor Relations and Human Rights Practices
March 31
The decision to begin redundancies, potentially affecting up to 70 staff members, reflects a disregard for stable labor relations. This move, undertaken to shift strategic focus, negatively impacts worker rights and undermines the ethical responsibility that companies owe to their employees, a key area of anti-fascist concern regarding fair labor practices.
Heart makes redundancies to support shift in 'strategic focus'
- FEB022024
Heart Aerospace secured $107m in Series B funding to advance its hybrid‑electric aircraft technology, aimed at decarbonising air travel and enhancing regional connectivity.
+40
Public and Political Behavior
March 31
The funding event is coupled with strong public commitments by the CEO to democratise air travel and promote decarbonisation, thereby supporting progressive, inclusive infrastructure development that counters authoritarian practices by broadening community engagement.
Heart Aerospace secures $107m in Series B funding for sustainable air travel
+60
Business Practices and Ethical Responsibility
March 31
Securing capital to develop sustainable and cost‐effective hybrid‑electric aircraft demonstrates ethical business practices and a commitment to environmental responsibility, aligning with progressive labor and community values.
Heart Aerospace secures $107m in Series B funding for sustainable air travel
+50
Technology and Services Impact
March 31
The investment drives the advancement of hybrid‑electric powertrain technology, which has the potential to reduce emissions and transform the aviation industry towards a greener future, supporting environmental justice and anti‑fascist regulatory ideals.
Heart Aerospace secures $107m in Series B funding for sustainable air travel
- FEB012024
Heart Aerospace successfully raised $107 million in Series B funding, with the capital earmarked for advancing certification of its innovative hybrid-electric ES-30 regional aircraft. The funding round also saw the appointment of EQT Ventures partner Ted Persson to the company’s board, reinforcing its commitment to decarbonizing and democratizing air travel.
+50
Business Practices and Ethical Responsibility
March 31
The influx of capital supports Heart Aerospace's sustainable aviation initiatives, advancing decarbonization and ethical business practices. The investment aligns with progressive priorities by promoting cleaner technology while fostering equitable access to air travel, which benefits communities that are often marginalized.
+40
Technology and Services Impact
March 31
The development of the ES-30 hybrid-electric aircraft demonstrates the application of innovative technology to reduce emissions and improve connectivity in regions that have lost air service, supporting environmental justice and progressive infrastructure improvements.
- FEB012024
Heart Aerospace announced a $107 million Series B funding round to advance its flagship ES-30 hybrid-electric airplane, reinforcing its commitment to sustainable and democratized regional air travel while attracting a diverse set of investors.
+70
Business Practices and Ethical Responsibility
March 31
The infusion of $107 million in funding supports Heart Aerospace's development of a clean, hybrid-electric aircraft, demonstrating responsible business practices and a commitment to environmental and community well-being. This advancement in sustainable aviation reflects ethical business practices aimed at reducing environmental impact and increasing accessibility.
Heart Aerospace secures $107m for hybrid-electric airplane development
+80
Technology and Services Impact
March 31
The development of the ES-30 hybrid-electric airplane represents a significant technological innovation. This clean technology not only aims to reduce emissions and noise pollution but also exemplifies a transformative approach in aviation technology with progressive and sustainable impacts.
Heart Aerospace secures $107m for hybrid-electric airplane development
+60
Economic and Structural Influence
March 31
The successful capital raise and strategic board appointment underscore a positive economic structural shift. This financial backing strengthens Heart Aerospace's market position and promotes broader access to sustainable air travel, which can empower underserved communities and foster progressive economic practices.
Heart Aerospace secures $107m for hybrid-electric airplane development
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