Boeing and Safran Fund EPS
Boeing and Safran have invested in Electric Power Systems (EPS), a company offering a suite of safe, certifiable and lightweight energy storage products that provide high quality power for aerospace and other markets. Boeing HorizonX Ventures and Safran Corporate Ventures jointly invested in EPS during this Series A funding round they announced on Sept. 17. EPS is the second advanced battery solutions company to join the Boeing HorizonX Ventures investment portfolio, following an investment in Cuberg, an advanced lithium metal battery technology company, in 2018. Safran Ventures also recently invested in OXIS Energy, a UK-based leader in lithium-sulfur cell technology for high energy density battery systems.
EPS is a privately held aerospace company based in Logan, Utah, leading in advanced energy storage systems comprised of cells, power electronics, controls, software and thermal management systems. The company supports a number of electric and hybrid electric airplanes, such as the NASA X-57, Bye eFlyer and the Bell Nexus.