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

GE Aerospace is set to invest $300 million in Beta Technologies, an electric aviation startup, to jointly develop a hybrid-electric turbogenerator for next-generation aircraft. This strategic partnership aims to combine GE’s extensive experience in jet and turboprop engines with Beta’s expertise in high-performance electric propulsion. The hybrid system is expected to enhance aircraft range, payload capacity, and overall performance by integrating traditional turbine technology with electric power, reflecting growing industry interest in hybrid solutions within the advanced air mobility (AAM) sector. Beta Technologies is also advancing certification efforts for its Alia aircraft, which includes both conventional take-off and landing and electric vertical take-off and landing (eVTOL) variants. If the investment is approved, Beta’s total funding will reach $1.45 billion, with GE joining other major investors like Amazon’s Climate Pledge Fund and Fidelity. Additionally, GE will gain the right to appoint a director to Beta’s board, underscoring its commitment to hybrid-electric aviation technologies and signaling a