LOS ANGELES (December 3, 2025) - Perkins Coie is pleased to have advised Heven AeroTech, a pioneer in hydrogen-powered Unmanned Aerial Systems (UAS), on a successful $100 million Series B financing led by strategic investor IonQ, a leader in quantum computing, alongside returning investors that included Texas Venture Partners.
The financing round values Heven AeroTech at $1 billion. Founded in 2019 with global operations, Heven AeroTech specializes in hydrogen fuel cell propulsion for extended-endurance aerial systems. Its flagship Z1 platform achieves flight times exceeding 10 hours and ranges of over 600 miles, delivering unprecedented operational capability for defense, public safety, and commercial missions. Additional information about Heven AeroTech’s Series B financing is available here.
The Perkins Coie Emerging Companies & Venture Capital (ECVC) advisory team included partners Matt Oshinsky and Adam Shevell, and associate Jake Hays.
From incorporation to exit, Perkins Coie helps clients build great companies. Lawyers in our ECVC practice span the country, supporting the most innovative entrepreneurs and investors in all key technology-driven markets. Our ECVC lawyers have managed thousands of venture capital and private equity financings from pre-seed to growth equity, assisting clients in raising billions of dollars annually. They provide end-to-end legal and business counseling to the leading-edge companies of tomorrow in industries like artificial intelligence, clean technology, fintech and blockchain, digital media and gaming, deep tech, defense tech, healthcare, biotech, consumer products, and everything in between.
