In an unprecedented move signaling a major advancement in the aviation sector, Swedish hybrid-electric airplane manufacturer Heart Aerospace announced a colossal $107 million in Series B funding. This critical injection of capital marks a pivotal moment for sustainable regional air travel, bringing the company’s total financing to a staggering $145 million since its inception. The […]
Gelion (AIM: GELN), a leading Anglo-Australian battery innovator, has conditionally agreed to acquire the entire issued share capital of UK-based lithium-sulfur (LiS) battery technology developer, OXLiD, for an aggregate consideration of up to approximately £4.2 million. This move marks a significant step in Gelion’s strategy to expand its reach in the electric aviation (including drones […]
