H3 Dynamics, a Singapore-based aerial mobility firm, closed a $26 million Series B funding to accelerate its global mission to decarbonize air mobility.
The round was led by Japan’s Mirai Creation Fund, which is managed by SPARX Asset Management on behalf of Toyota Motor Corporation and the Sumitomo Mitsui Banking Corporation.
Other investors include the venture arm of ACA investors, Capital Management Group, the Grosvenor Group, Audacy Ventures, Ascent Hydrogen Fund, and French strategic investors ATEQ.
The company intends to expand its engineering and sales teams in Austin/Texas, where it currently produces and ships complete hydrogen drones, integrated aerial fuel cell propulsion and refueling units, and Toulouse/France, where it develops larger hydrogen systems, works on hydrogen aircraft integration and carries out test flights.
Company: H3 Dynamics Holdings Pte. Ltd.
Raised: $26.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Japan’s Mirai Creation Fund
Additional Investors: ACA investors, Capital Management Group, the Grosvenor Group, Audacy Ventures, Ascent Hydrogen Fund, and French strategic investors ATEQ
Company Website: https://www.h3dynamics.com/
Software Category: Automates drone hardware and software solutions
About the Company: H3 Dynamics turns the physical world into real-time insights as a service for maintenance and first responder operations for government, private equity, insurance, and large enterprise. An expert safety inspection, performance monitoring of large, dangerous, and complex structures or sites. as well as a live incident response - are automated end to end through AI processing on the cloud, using raw data collected by sensors and cameras on cellphones, aerial drones, ground or marine robots. H3 Dynamics is a global advanced air mobility technology company with a mission to decarbonize air mobility. The company's first line of business is a software as a service solution that automates drone hardware and software solutions through one unified cloud platform. The company sells autonomous outcomes as a service, across industry sectors and several geographies, including the US, Canada, Latin America, France, Singapore, Japan, Australia, Hong Kong.
Source: https://asianaviation.com/h3-dynamics-closes-us26-million-series-b-funding-round/