RTX Ventures makes minority investment in H55

Raytheon Technologies announced today its venture capital arm RTX Ventures has made a minority investment in Swiss company H55 to help develop electric aviation solutions.

"The investment in H55 aligns with Raytheon Technologies' longstanding leadership in the development of innovative and sustainable propulsion technologies," Raytheon said in a statement.

H55 is a leading enabler of electric propulsion solutions and battery systems, according to Raytheon, including Solar Impulse, the first solar-powered electric airplane to fly around the world.

"H55 is a key collaborator in our strategy for demonstrating the potential of hybrid-electric propulsion technology, which will be enhanced by this investment from RTX Ventures," said Graham Webb, chief sustainability officer at Raytheon subsidiary Pratt & Whitney. "Together, H55 and Raytheon Technologies are advancing new technologies that will help achieve the aviation industry's goal of reaching net zero CO2 emissions by 2050."