Kacey Roberts
The venture capital arm of Lockheed Martin has invested in technology company H3X Technologies to help the latter augment its Colorado headquarters facility as well as accelerate the development of its integrated motor drives.
H3X has now raised a total of $9 million with the latest funding from Lockheed Martin Ventures, the Denver-based aircraft motor manufacturer said Tuesday.
According to Chris Moran, vice president and general manager of Lockheed Martin Ventures, the investment aligns with Lockheed’s strategy to develop predictive and scaling capabilities.
“H3X is working on scaling transformative technologies that we believe have the potential to provide our customer with viable options for electrifying legacy, all-domain systems and components,” said Moran.
The HPDM technology was created by H3X to enable fully-electric and hybrid-electric aircraft with range and payload capacity. It currently has three base products, namely the HPDM-30, the HPDM-250, and the HPDM-3000.
