# H3X Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/h3x-technologies

- Industry: Electronics
- Headquarters: Louisville, US
- Website: www.h3x.tech
- Total disclosed funding: $24M
- Latest round: Series A (Mar 4, 2024)
- Investors on record: 16

## About

Based in Colorado, US, and Founded in 2020, H3X Technologies Inc. develops electric aircraft propulsion systems. The company was founded by its CEO Jason Sylvestre, CTO Max Liben, and President, Eric Maciolek. In February 2023,In August 2024, H3X Technologies Inc. raised USD 20 million in series A funding led by returning investor Infinite Capital, with participation from new investors Hanwha Asset Management, Cubit Capital, Origin Ventures, and Industrious Ventures. Other returning investors Lockheed Martin Ventures, Metaplanet Holdings, Liquid 2 Ventures, and TechNexus Venture Collaborative also participated in the round. H3X Technologies supplies and offers electric propulsion systems for aerospace companies. The product line of the company includes HPDM-250, which is a motor drive for electric aircraft applications; HPDM-3000, which is an integrated modular motor drive (IMMD) for electric ships, and commercial aircraft.

The company plans to use the funds raised in August 2024 to increase production and bring megawatt-class electric motors to market.

## Funding rounds

- Series A, Mar 4, 2024, $20M — Origin Ventures, Liquid 2 Ventures, Lockheed Martin Ventures, TechNexus Venture Collaborative, Hanwha Asset Management, Metaplanet Holdings, Industrious Ventures, Infinite Capital, Cubit Capital
- Seed, Apr 14, 2021, $3.8M — Pegasus Tech Ventures, Zillionize Angel, Soma Capital Management, Liquid 2 Ventures, Infinite Capital, Psion Capital, Tamar Capital, Metaplanet Holdings, Asymmetry Ventures, Lombardstreet Ventures

## Investors

- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed, Series A
- Infinite Capital (https://capitalatlas.ai/funds/infinite-capital) — Seed, Series A
- Psion Capital — Seed
- Tamar Capital — Seed
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Seed, Series A
- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed
- Lombardstreet Ventures (https://capitalatlas.ai/funds/lombardstreet-ventures) — Seed
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Series A
- Lockheed Martin Ventures (https://capitalatlas.ai/funds/lockheed-martin-ventures) — Series A
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Series A
- Hanwha Asset Management (https://capitalatlas.ai/funds/hanwha-asset-management) — Series A
- Industrious Ventures (https://capitalatlas.ai/funds/industrious-ventures) — Series A
- Cubit Capital (https://capitalatlas.ai/funds/cubit-capital) — Series A