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Lockheed Martin Ventures invests in electric motor manufacturer H3X

Lockheed Martin Ventures has invested an undisclosed amount in Denver-based electric motor manufacturer H3X Technologies to accelerate technology development and commercialization of H3X’s HPDM family of integrated motor drives and the scale-up of its new headquarters facility in Louisville, Colorado, for production.

This latest funding by Lockheed Martin brings the total raised by H3X to $9 million.

H3X manufactures integrated motor drives ranging from 30 kW to 3 MW. It currently has three base products: the HPDM-30; the HPDM-250 and the HPDM-3000.

The company says it has made advances in several areas,  enabling it to reach continuous specific powers of over 10 kW/kg and best-in-class efficiency. H3X originally developed this technology to enable compelling electric and hybrid aircraft with excellent range and payload capacity while significantly reducing noise and operational costs.

“H3X is working on scaling transformative technologies that we believe have the potential to provide our customers with viable options for electrifying legacy, all-domain systems and components,” said Chris Moran, VP and GM of Lockheed Martin Ventures. “Our investment in H3X reinforces Lockheed Martin’s commitment to developing predictive capabilities and scaling solutions that allow the US and its allies to stay ahead of threats.”

Source: H3X

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