ARLINGTON, Va., October 11, 2022 /PRNewswire/ — RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX), made a minority investment in the electric propulsion systems company H55 to drive the development of electric aviation solutions. The investment in H55 aligns with Raytheon Technologies’ longstanding leadership in developing innovative and sustainable propulsion technologies.
H55, a Swiss company, is a leader in the field of electric propulsion solutions and battery systems. The team has proven its ability to develop, integrate and flight test electric propulsion systems, including Solar Impulse, the first solar-powered electric aircraft to fly around the world.
“H55 is a key collaborator in our strategy to demonstrate the potential of hybrid-electric propulsion technology, which will be enhanced by this investment from RTX Ventures,” said Graham Webb, director of sustainability at Pratt & Whitney. “Together, H55 and Raytheon Technologies are advancing new technologies that will help achieve the aviation industry‘s goal of achieving net zero CO2.2 emissions by 2050.”
As part of this investment, H55 will benefit from advice from RTX Ventures to support 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.
“Receiving an investment from RTX Ventures is further recognition of H55’s track record, expertise and potential,” said André Borschberg, Executive Chairman of H55. “With RTX Ventures, H55 will benefit from the potential opportunity to work with Raytheon Technologies on a range of projects that will allow us to scale up our offering, developing a broad portfolio of products and solutions suitable for many customers and applications across the world. ‘aviation. industry.’
By working together, Raytheon Technologies and H55 will advance electric aviation and demonstrate the benefits of adopting sustainable, more efficient and more cost-effective technologies. This collaboration will also enable the development of state-of-the-art clean air mobility solutions.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services to commercial, military and government customers worldwide. With four industry-leading companies – Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense – the company delivers solutions that push the boundaries of avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics. The company, formed in 2020 by the combination of Raytheon Company and the aerospace activities of United Technologies Corporation, is headquartered in Arlington, Virginia.
H55 is the leading provider of electric propulsion solutions and battery systems. The Swiss-based company is the technology spin-off of Solar Impulse, the first electric aircraft to circumnavigate the globe, breaking 14 world records for distance, altitude and duration. With 19 years of experience, and having built and flown 4 electric aircraft, the H55 team is able to solve and provide solutions to the complex challenges of aircraft certification and integration. H55 is the first and only company to have a certified design and production organization (EASA/FOCA) and the company’s modular systems, which have been proven in real flight conditions, can be integrated into different aircraft types and configurations.
Shannon N. BookerRaytheon Technologies