Summary:
H3X, a startup founded by three Under 30 entrepreneurs, has developed highly efficient and lightweight electric motors that are three times more efficient than existing models.
The company recently closed a $20 million Series A funding round to fuel its growth and double its headcount by 2025.
H3X initially focused on developing electric motors for commercial airplanes but pivoted to aerospace and defense to generate immediate revenue.
The company is positioned to lead the movement towards industrial decarbonization, a key focus of the government, which is investing billions of dollars into this sector.
Forbes' annual 50 Over 50 list celebrates women who have achieved career success after the age of 50, showcasing inspiring stories of women who have broken barriers and made significant contributions in various fields.
The list proves that age is just a number and that women can achieve incredible things at any stage of life.
H3X: Electrifying the World with Lighter, More Efficient Motors
H3X, a startup founded by three Under 30 entrepreneurs, is on a mission to electrify the world with its innovative electric motors. These motors are three times lighter and more efficient than traditional ones, making them perfect for use in commercial vehicles, machines, and even airplanes.
The company recently closed a $20 million Series A funding round, led by Infinite Capital, to fuel its growth and double its headcount by 2025. This funding will also help H3X invest in manufacturing and production capabilities to meet the rising demand for its revolutionary technology.
A Pivot to Aerospace and Defense
H3X initially focused on developing electric motors for commercial airplanes, but the team realized that commercial aviation wouldn't see real revenue until 2028 due to lengthy FAA testing and certification processes. They pivoted to aerospace and defense, as well as marine and heavy industries, where they could generate immediate revenue while pursuing their long-term goal of entering commercial aviation.
Government Support for Industrial Decarbonization
H3X is positioned to lead the movement towards industrial decarbonization, a key focus of the government, which is investing billions of dollars into this sector. The company's vision is to become the next GE for the new wave of electrification, leading the world in advanced electric motor technology.
Key Takeaways:
- H3X has developed highly efficient and lightweight electric motors that are three times more efficient than existing models.
- The company secured a $20 million Series A funding round to expand its operations and meet growing demand.
- H3X pivoted to aerospace and defense to generate immediate revenue while working towards its goal of entering commercial aviation.
- The company's success is driven by its efficient team, investor feedback, and customer needs.
- H3X is aiming to become the leading supplier of advanced electric motors in the world.
Forbes' 50 Over 50: Women Leading in the Second Half of Life
Forbes' annual 50 Over 50 list celebrates women who have achieved career success after the age of 50. The list showcases inspiring stories of women who have broken barriers and made significant contributions in various fields, proving that there is no age limit to achieving your full potential.
Notable Examples:
- Dawn Staley, a basketball legend, has played a key role in revolutionizing women's sports.
- Peggy Cherng, co-founder and co-CEO of Panda Express, has built a successful restaurant empire.
- Patti Smith, an iconic author and poet, published her memoir Just Kids and received a National Book Award in her 60s.
These women and many others on the 50 Over 50 list demonstrate that age is just a number and that women can achieve incredible things at any stage of life.
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