Rtx Ventures Invests In H55 To Advance Electric Propulsion Technologies For Clean And Efficient Air Mobility Applications

Oct 11, 2022•about 3 years ago

SwitzerlandAerospaceManufacturing

Description

RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX), has made a minority investment in electric propulsion system company H55 to drive the development of electric aviation solutions. The investment in H55 aligns with Raytheon Technologies' longstanding leadership in the development of innovative and sustainable propulsion technologies.

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Company

H55

Location

Switzerland

About

Electric propulsion is allowing the development of new urban air transport solutions such as Flying Taxis or VTOLs. More than hundred projects around the world are aiming to provide aircrafts which are able to take off and land vertically, transporting 4-8 passengers across cities. These new air mobility solutions will be potentially clean and quiet and can be realized with existing technologies. The biggest challenge is not building and flying a prototype, rather certification. The gap between a first and a certified aircraft is considerable and that’s where H55 brings its expertise, experience and solutions.

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Rtx Ventures Invests In H55 To Advance Electric Propulsion Technologies For Clean And Efficient Air Mobility Applications

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