Tag

X1

All articles tagged with #x1

Heart Aerospace's X1 flies for $5, charting path to hybrid-electric ES-30
technology2 hours ago

Heart Aerospace's X1 flies for $5, charting path to hybrid-electric ES-30

Heart Aerospace's X1 completed a near-30-minute test flight at Plattsburgh using about $5 of electricity, a milestone in battery-electric propulsion that informs development of the ES-30, a 30-seat hybrid-electric regional airliner capable of about 125 miles all-electric and 500 miles in hybrid mode; major airlines including United, Air Canada and Mesa have shown interest, with flight testing planned for 2028 and certification targeted for 2031, while today’s all-electric range remains typically 100–200 miles.

Robinhood Buys Credit Card Startup X1 for $95M
business3 years ago

Robinhood Buys Credit Card Startup X1 for $95M

Robinhood is acquiring no-fee credit card startup X1 for $95 million in cash. X1 offers an income-based credit card with rewards and has raised $62 million in venture-backed funding since its 2020 inception. The acquisition gets Robinhood into the credit card business with the interchange fee revenue that comes with it, and X1 co-founders will oversee the new business for Robinhood. The deal is expected to close in Q3 2021.