H3X in 2023: A Year in Review

H3X Technologies was founded in 2020 with the goal of creating the most advanced motor technology in the world to enable commercial electric aviation and regional air mobility at scale. We’ve learned a lot since then and realized our motors also have a major role to play in decarbonizing the marine and industrial sectors, and unlocking next-generation electrified defense technology. These sectors demand change and we are only in the early innings of the coming paradigm shift.

2023 was an amazing year for H3X. We hit some huge milestones in proving out our scalable core technology, ramping up manufacturing, and commercialization. Here’s a quick recap of some of the major achievements:

• Moved into our new 17,000 sq-ft headquarters facility in Louisville, CO and built out pilot production.
• Closed key strategic investment from Lockheed Martin .
• Achieved industry leading power densities of 12.5 kW/kg for the HPDM-250 and 8.5 kW/kg for the HPDM-30 on our dyno. This is continuous output power divided by motor and inverter mass.
• Manufactured over 25 motors.
• Secured firm orders from some of the best aerospace and defense companies in the world working on everything from hypersonic aircraft to hydrogen-powered commercial aviation.
• Shipped product to these customers.
• Closed out our NASA contract ahead of schedule, won another one.
• Completed all technical deliverables for our AFWERX Ph II contract.
• Ground tested the HPDM-250 with our partner, Stralis Aircraft (YC W23) , in their aircraft and successfully completed mission profiles ahead of our first flight next year.
• Doubled the size of our team.

Special thanks to our incredible customers, investors, partners, and, most of all, our team members and families for making this our best year yet. We’re about to kick it up a notch in 2024 and are fired up to get back to work and hit the ground running.

Happy Holidays and Happy New Year from all of us at H3X.