Rolls-Royce has announced it is being awarded 4.6 million EUR state funding to support research and development that will advance all-electric and hybrid-electric aviation. The company says the funding, by the Hungarian Investment Promotion Agency and Ministry of Foreign Affairs and Trade, will also support the creation of 20 engineering jobs based at the Rolls-Royce facility in Budapest.
According to the press release “The three-year financing programme is part of the Hungarian Government’s commitment to cutting-edge engineering that will have a positive impact on the Hungarian economy.
“Rolls-Royce in Hungary is part of the global Rolls-Royce Electrical business and is focused on the design, development and integration of innovative electrical power and propulsion systems that will shape the future of aviation in the Advanced Air Mobility market. Rolls-Royce currently employs approximately 120 people at its facility in Budapest.
“Rolls-Royce Electrical has proven its technology innovations through successful demonstrator projects such as the H3PS 4-seater aircraft, which was powered by an integrated parallel-hybrid electric powertrain designed by the Hungarian team, and the business is now focused on developing its technology for market.”
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(Image: Rolls-Royce)