In a future-forward collaboration, Rolls-Royce has teamed up with Hyundai to develop a new fuel solution for advanced air mobility vehicles.
More specifically, the two automotive giants plan to create a fuel-cell electric propulsion system for air taxis. The collaboration will see Rolls-Royce leverage its aviation experience while Hyundai provides its signature hydrogen fuel cell technology.
No doubt, the collaboration is representative of both brands' eagerness to enter the emerging aerospace market. For example, Hyundai has already set aside $1.4 billion for developing flying air taxis in South Korea, which its plans to accomplish by 2025.
"The Advanced Air Mobility Market offers great commercial potential, and this collaboration supports our joint ambitions to lead the way in the Advanced Air Mobility Market," said Rob Watson, president of Rolls-Royce Electrical, in a recent statement.
Air Taxi Partnerships
Rolls-Royce and Hyundai Team Up to Develop New Air Mobility Fuel System
Trend Themes
1. Fuel-cell Electric Propulsion Systems - Rolls-Royce and Hyundai's collaboration to create a fuel-cell electric propulsion system for air taxis creates opportunities for disruptive innovation in the aviation industry.
2. Advanced Air Mobility Market - The emerging Advanced Air Mobility Market presents an opportunity for both Rolls-Royce and Hyundai to expand and disrupt the aviation industry with their collaboration.
3. Hydrogen Fuel Cell Technology - The partnership between Rolls-Royce and Hyundai to develop a new fuel solution for air taxis makes hydrogen fuel cell technology more marketable and promotes its use in the transportation industry.
Industry Implications
1. Aviation - Rolls-Royce and Hyundai's collaboration to create a fuel solution for air taxis presents opportunities for disruptive innovation in the aviation industry.
2. Automotive - Hyundai's investment in flying air taxis and partnership with Rolls-Royce to create new air mobility fuel system shows its ambition to expand disruptive innovation in the automotive industry.
3. Transportation - The use of fuel-cell electric propulsion systems in air taxis will disrupt the transportation industry and decrease carbon emissions.