GE Aerospace (GE) and BETA Technologies announced a new strategic partnership and equity investment agreement, subject to regulatory approval, to accelerate the development of hybrid electric aviation by combining BETA’s rapid innovation approach with GE Aerospace’s global scale and experience. Under the new agreement, GE Aerospace and BETA plan to develop a hybrid electric turbogenerator for advanced air mobility applications, including long-range vertical takeoff and landing aircraft, future BETA aircraft, and other potential applications. This hybrid solution will tap into existing infrastructure and capabilities, such as GE Aerospace’s CT7 and T700 engines. Additionally, GE Aerospace will make an equity investment of $300M in BETA, subject to regulatory approval. In connection with this partnership, GE Aerospace will also have the right to designate a director to join BETA’s board.
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