BETA Technologies announced Thursday it will receive a $300 million investment from GE Aerospace — pending regulatory approval — as the companies team up to focus on hybrid electric aviation.

“We believe the industry is on the precipice of a real step change,” Kyle Clark, CEO of South Burlington-based BETA Technologies, said in a Thursday press release. “We look forward to partnering to co-develop products that will unlock the potential of hybrid electric flight.”

Clark and his new collaborators plan to design a hybrid electric turbogenerator, which will build on existing engineering at both companies to increase the range, speed and power of future aircraft at BETA and elsewhere.

READ MORE

Beta flies first electric plane from South Burlington by The Other Paper November 29,

See Full Page