GE Aerospace Fuels Hybrid Electric Aviation with $300M Investment in BETA Technologies

GE Aerospace has made a strategic announcement regarding a $300 million investment in BETA Technologies. This investment, which is pending regulatory approval, is set to accelerate the development of hybrid electric aviation.

The partnership will be primarily focused on the development of a hybrid electric turbogenerator for Advanced Air Mobility applications. This will be achieved by combining the capabilities of GE’s CT7 and T700 engines with the rapid innovation approach of BETA.

With this collaboration, significant enhancements in range, payload, and speed performance are promised when compared to other aircraft in the same segment. Furthermore, under the terms of the agreement, GE Aerospace will also gain the right to designate a director to join the board of BETA.

BETA Technologies has been a leader in the electric aircraft industry with its ALIA platform. This platform includes both conventional takeoff (CTOL) and vertical takeoff (VTOL) variants. To support the growing infrastructure of electric aviation, the company has deployed more than 50 charging sites across the U.S. and Canada.

For more information, visit the original source: GE Aerospace and BETA Technologies Partner to Advance Hybrid Electric Flight.