Vehicle electrification specialist Equipmake(EQIP), has formally agreed a term sheet with electric aerospace propulsion company H55, following the announcement in April that the two companies had agreed to partner on electric flight development.
The collaboration aims to develop a certified Electric Propulsion System, with Equipmake supplying motors based on H55 specifications and H55 providing the certified motor controller.
The initial project involves supplying motors for the two-seater electric trainer aircraft, the Bristell B23 Energic, as part of H55's collaboration with BRM AERO. Certification is targeted for late 2024, with revenue expected from sales in the first half of 2025.
Equipmake and H55 are also working on expanding their range of motors, with the next version already in progress.
Commenting on the Agreement, Ian Foley, CEO, Equipmake said: "I am delighted to build on our initial partnership with H55, to partner for production on our lightweight, power dense electric motors, developing certified electric propulsion systems for the BRM Aero project. These will be utilised in a highly advanced electric two-seater training aircraft."
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The new term sheet announced today builds on the collaboration already in place, which has seen Equipmake supply advanced electric motors to support H55's Electric Propulsion System development.
According to the International Energy Agency, global flights produced 720 million tonnes of carbon dioxide in 2022, with the aviation industry accounting for over 2% of all CO2 emissions produced by humans. The drive for sustainable alternatives to aircraft fuels means that the electric aircraft market is projected to reach $37 billion by 2030.
Equipmake's partnership with H55 highlights its expertise in electrification technology and rapid manufacturing. It has developed high-performance motors for H55, utilising its proprietary rotor design and Halbach array technology.
Financially, Equipmake is on track to meet market expectations for the current financial year, with a contracted order book of £9.1m. The company is also supported well by funds raised from its Aquis IPO in July 2022 and a £6.2m gross placing in January this year, totalling £16m.
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