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

GE Aerospace is set to invest $300 million in electric aviation startup Beta Technologies, pending regulatory approval, as part of a strategic partnership to develop a hybrid-electric turbogenerator for next-generation aircraft. This collaboration 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, reflecting growing industry interest in hybrid solutions within the advanced air mobility (AAM) sector, which includes technologies like eVTOL and hydrogen-powered flight. Beta Technologies is also advancing certification efforts for its Alia aircraft, available in both conventional takeoff and landing and electric vertical takeoff and landing (eVTOL) variants. If the investment proceeds, Beta’s total funding will reach $1.45 billion, with GE joining other major investors such as Amazon’s Climate Pledge Fund and Fidelity. Additionally, GE will gain the right to designate a director to Beta’s board, signaling a strong