H3X announces investment by Lockheed Martin

H3X Technologies has announced an investment by Lockheed Martin Ventures (LMV), part of Lockheed Martin Corporation. H3X said the investment is to “accelerate technology development and commercialisation of H3X’s HPDM family of integrated motor drives” and to “scale-up” production at its new headquarters in Louisville, Colorado. The amount was not disclosed but H3X said it took it to $9 million raised. H3X designs and manufactures advanced electric motors for “sustainable aviation and other high-performance applications.”. “We are thrilled to have support from Lockheed Martin and are excited for the opportunity to work together and collaborate on next-generation defence technology using