Electric motor startup H3X raises $20m Series A, led by Infinite Capital, for developing megawatt-scale motors in aerospace and marine markets.

Electric motor startup H3X, specializing in drones, small aircraft, and marine vessels, has raised $20m in Series A funding led by Infinite Capital. The company aims to develop megawatt-scale motors for aerospace and marine markets, with plans to achieve profitability by 2026. H3X has already secured contracts with major clients and expects revenue to grow fivefold this year to millions of dollars.

August 06, 2024
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