They seemed to have a lot of former Embraer engineers from Brazil, I wonder if they brought them over to the US.
They seemed to have a lot of former Embraer engineers from Brazil, I wonder if they brought them over to the US.
> Heart warned that Europe needed to respond to the U.S. Inflation Reduction Act if it wanted: “to retain technology companies like Heart within the EU”
2 years later:
> "We are deeply grateful to our team in Sweden for being part of this chapter of Heart’s journey, and for all the support we have received in Sweden," said Anders Forslund. "However, as our customers, partners, and investors are increasingly based in the U.S, we see greater opportunity in focusing our resources here. By consolidating our operations in Los Angeles, we can accelerate development, strengthen collaboration, and better position Heart Aerospace for the future."
Looks like a combination of regulatory and business/operations made USA more attractive.
[1] https://www.regeringen.se/contentassets/0a5c91ad1a1c4fdaaefb... (PDF)
[2] https://www.heartaerospace.com/newsroom/heart-aerospace-relo...
Grid Battery seemed to mostly survive but not sure if there's as much crossover there as with EVs.