JetBlue Invests in Battery Developer for Electric Aircraft
Photo Caption: Electric Power Systems develops battery systems for electric aircraft, including Archer Aviation's Maker. Archer Aviation
Skift Take
Electric aviation got another vote of support from JetBlue Technology Ventures. The venture capital arm of its namesake airline is investing in a battery systems developer that could become a leader in powering the many electrified aircraft in development today.
The world is moving towards more electrified-forms of travel, a shift that is not lost on JetBlue Technology Ventures. The venture capital arm of JetBlue Airways counts among its investments an electric air taxi startup, hydrogen fuel cell developer, and, now, a battery developer that could power the whole ecosystem.
JetBlue Technology Ventures participated in a $13 million fund raising round by Electric Power Systems. The company develops battery systems for primarily for the new propulsion systems needed for electric aircraft but also for other transportation applications, including for cars, trucks, and boats. The scalability of those batteries will ultimately determine the success of all of the electric air taxis or aircraft being pitched in the market because, without batteries, electric aviation would be stuck on the ground.
