RTX Ventures invests in H55 to advance Electric Propulsion Technologies for clean and efficient air mobility applications
Source: H55 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. 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. "H55 is a key collaborator in our strategy for demonstrating the potential of hybrid-electric propulsion technology, which will be enhanced by this investment from RTX Ventures," said Graham [...]