Heven AeroTech’s flagship Z1 platform. | Supply: Heven AeroTech
Heven AeroTech, a developer of hydrogen-powered uncrewed aerial techniques, or UAS, this week mentioned it has closed a $100 million Collection B spherical. This newest spherical of funding values the corporate at $1 billion.
“Reaching unicorn standing validates not simply our know-how, however [also] our execution,” acknowledged Bentzion Levinson, founder and CEO of Heven AeroTech.
“This capital will allow us to scale U.S. manufacturing capability, speed up quantum-enabled capabilities throughout our platform, and ship long-endurance hydrogen-powered techniques on the pace and quantity our nationwide safety prospects demand,” he added. “We’re constructing for the battlefield of at this time and tomorrow.”
Based in 2019, Heven AeroTech specializes within the growth and manufacturing of hydrogen gas cell propulsion for extended-endurance aerial techniques. The Sterling, Va.-based firm mentioned its flagship Z1 platform achieves flight occasions exceeding 10 hours and ranges of over 600 miles, delivering lengthy flight ranges and operational resilience for a variety of missions.
Heven AeroTech to put money into three precedence areas
Heven AeroTech mentioned it’ll use its newest funding throughout three strategic priorities, which align with noticed demand from for protection, public security, and business prospects:
- U.S. manufacturing: The corporate plans to develop its home manufacturing infrastructure to fulfill surging buyer demand and eradicate provide chain dependencies.
- Speedy fielding: It should construct out hydrogen technology and logistics infrastructure to help persistent ahead operations.
- Superior techniques and quantum integration: Heven AeroTech mentioned it’ll develop quantum-secure communications, different positioning and navigation techniques for GPS-denied environments, and AI-powered autonomous operations.
IonQ partnership results in quantum computing division
The spherical is being led by strategic investor IonQ, a frontrunner in quantum computing, alongside returning traders that embrace Texas Enterprise Companions. Heven AeroTech mentioned the brand new funding will allow it to raised meet escalating demand from U.S. Particular Operations Command, combatant instructions, and allied forces for long-endurance, energy-independent UAS platforms.
The funding announcement got here on the heels of Heven AeroTech’s strategic partnership with IonQ. With this collaboration, the corporate will instantly launch a brand new engineering division specializing in integrating quantum computing capabilities instantly into its platforms.
This new division is meant to develop Heven’s product choices to supply prospects with options for positioning, navigation, and timing (PNT) necessities in contested and degraded working theaters.
