Japan’s Nidec and Brazil’s Embraer have received the approval from all the necessary regulatory authorities for the establishment of their joint venture to develop electric propulsion systems.
The venture, Nidec Aerospace, combines the companies areas of expertise, with two engineering conglomerates coming together to innovate.
Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of the new joint venture with immediate effect.
“This approval marks a significant milestone not only in Nidec Motion & Energy’s joint venture with Embraer, but also in our shared vision to advance and electrify the way the world travels,” said Michael Briggs, senior vice president and president of the Motion and Energy Business Unit at Nidec.
“Now with official clearance to proceed, the Nidec Aerospace team is poised to bring the expertise, speed, and drive needed to accelerate sustainable aviation on a global scale.”
Nidec and Embraer work on future of sustainable aviation
“We are thrilled with the unconditional clearance. The next step will be the integration of these two powerful operational and engineering capabilities focused on business excellence. Together, our extraordinary teams will be able to develop advanced solutions to collaborate with the future of sustainable aviation,” said Dimas Tomelin, senior vice president of corporate strategy, digital and innovation at Embraer.
Unveiled at the Paris Air Show in June, the business combination aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide, driven initially by the growth of the Urban Air Mobility (UAM) industry.
The joint venture Electric Propulsion System launch customer will be the eVTOL manufacturer Eve Air Mobility.
Embraer will contribute expertise, know-how and resources pertaining to the controller, and Nidec will provide its expertise, technological know-how and resources pertaining to electric motors. Nidec owns a 51% share of the joint venture, and Embraer the remaining 49%.
Nidec Aerospace is expected to invest more than $77m in the coming years to start mass production in 2026.
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