The Denver-based start-up intends to launch a Series A funding round this year to support its ambitious plans to overtake major aircraft engine makers in power output and system redundancy.
U.S. start-up H3X claims its planned 2.8-MW propulsion units will provide the far greater levels of power density and fault tolerance needed to convert regional and narrowbody airliners to electric power. The company, which is seeking funds to compete with major aircraft engine makers such as Rolls-Royce and Safran, aims to have prototype units available for testing by partners and prospective customers in 2024.