GE Aerospace to invest $300M in Beta Technologies to pair up on hybrid-electric power

GE Aerospace, a leading aerospace company, has announced a $300 million investment in Beta Technologies, a promising player in the advanced air mobility (AAM) market. This partnership aims to collaborate on the development of hybrid-electric power systems for future aviation solutions. The investment reflects the growing momentum behind hybrid-electric technologies in the AAM space, which encompasses emerging concepts like eVTOL (electric vertical take-off and landing) aircraft and hydrogen-powered aviation. By combining GE's aerospace expertise with Beta Technologies' innovative approach, the companies seek to accelerate the adoption of hybrid-electric propulsion systems in the aviation industry. The partnership will focus on designing, testing, and certifying hybrid-electric powertrains, as well as exploring the integration of these systems into a range of AAM platforms. This collaboration is expected to contribute to the advancement of sustainable and efficient air mobility solutions, potentially transforming the future of aviation.