RTX Ventures, the venture capital arm of Raytheon Technologies, has announced today it has made a minority investment in electric propulsion system company H55 . The company says “the investment in H55 aligns with Raytheon Technologies’ longstanding leadership in the development of innovative and sustainable propulsion technologies.”
Further the company reports “H55, a Swiss company, is a leading enabler of electric propulsion solutions and battery systems. The team has proven ability in developing, integrating and flight-testing electric propulsion systems, including Solar Impulse, the first solar-powered electric airplane to fly around the world.
“As part of this investment, H55 will benefit from RTX Ventures’ guidance in supporting H55’s plans to accelerate electric propulsion solutions and battery systems. H55 is already working with the company to develop and demonstrate hybrid-electric propulsion technologies. RTX Ventures will also facilitate opportunities to work together on future product development.”
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(Image: Raytheon Technologies)