GE Aerospace and BETA Technologies Inc. has 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 (AAM) applications, including long-range Vertical Takeoff and Landing (VTOL) aircraft, future BETA aircraft, and other potential applications. The collaboration brings BETA’s expertise in high-performance, permanent magnet electric generators together with GE Aerospace’s tested turbine, certification and safety expertise for large-scale manufacturing and electrical power systems expertise.
This hybrid solution will tap into existing infrastructure and capabilities, such as GE Aerospace’s CT7 and T700 engines, and is expected to bring significant enhancements in range, payload and speed performance compared to other aircraft in the same segment.
Additionally, GE Aerospace will make an equity investment of $300 million in BETA, subject to regulatory approval, aligned with its commitment to work with key industry players to advance technologies that will support the future of flight. In connection with this partnership, GE Aerospace will also have the right to designate a director to join BETA’s Board.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, “Partnering with BETA will expand and accelerate hybrid electric technology development, meeting our customers’ needs for differentiated capabilities that provide more range, payload, and optimized engine and aircraft performance.”
Kyle Clark, BETA Technologies’ Founder and CEO, said “This partnership brings together two teams deeply committed to and guided by aerospace engineering excellence and building the future of flight. We believe the industry is on the precipice of a real step change, and we’re humbled that GE Aerospace has the confidence in our team, technology, and iterative approach to innovation to partner with us. We look forward to partnering to co-develop products that will unlock the potential of hybrid electric flight, and to do it with the rigor, reliability, and safety that aviation demands.”
