BAE Systems will design, test, and supply energy management components for GE Aviation’s megawatt class hybrid electric propulsion system in development. For the demonstration program, BAE Systems will provide the battery and related cabling used to store electricity and drive the motor/generator GE Aviation is building.
This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 4.8% from January's $159.9 million and up 12.1% when compared with the $149.5 million reported for February 2021.
Funding enables KINEXON to accelerate international expansion and scale its operating system for connected and automated operations, BMW i Ventures and Telekom Innovation Pool co-invest and announce commercial partnerships.
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