Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

Funding

Air carriers Mesa Air Group and United Airlines co-led a $35m series A round for Sweden-headquartered electric aircraft developer Heart Aerospace yesterday, the latter through corporate venture capital vehicle United Airlines Ventures. The round was co-led with Breakthrough Energy Ventures and also featured EQT Ventures and Lowercarbon Capital, both of which had participated in the company’s $2.1m seed round in May 2019 as part of a 19-strong consortium that included Norrsken Foundation.

Online services provider Movile invested R$170m ($34m)…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.