Nidec Corporation has accomplished a minority investment in Eve Air Mobility, a manufacturer of electric vertical take-off and landing aircraft and launch partner for Nidec Aerospace’s electric propulsion systems, through Nidec’s subsidiary, Nidec Motor Corporation. The amount of the investment is $20M USD and it will be allocated to support research & development at Eve as it prepares for the air-worthiness certification of its eVTOL aircraft by the end of 2026. The funds will also help the company finance its operations through 2027. Nidec’s investment represents a stake of less than 5% in Eve.
This investment also furthers Nidec’s plans to enter the infrastructure space in the aviation market to supply products such as chargers for electrified aircraft. Nidec ASI Co. Ltd., a member of the Nidec Group, currently manufactures EV chargers that integrate ultra-fast charging technology with energy management systems (EMS) and energy storage systems (ESS) to provide safe, reliable, and cost effective power across the globe. Nidec aims to use this same technology and product offering to grow in the eVTOL and unmanned aerial vehicle infrastructure markets, where demand for rapid, large capacity charging is critical.
“Our future eVTOL customers are in good hands with Nidec from take-off to touch-down. Sustainability and safety are our guiding principles at Eve, which is why we selected Nidec electric propulsion system to power our eVTOL aircraft, and why we encourage fleet operators to use Nidec electric chargers to quickly and safely charge them”, said Johann Bordais, CEO of Eve Air Mobility.
