Japan’s Nidec Corporation and Brazil’s Embraer have announced their successful acquisition of unconditional approval from all required regulatory bodies for the formation of their collaborative endeavor, Nidec Aerospace LLC. This partnership will harness the mutual synergies and unique strengths of both leading engineering firms to pioneer Electric Propulsion Systems (EPS) in the aerospace domain.
Vincent Braley, previously overseeing Nidec’s Motion and Drives enterprise in the U.S., is now entrusted as the CEO of Nidec Aerospace. Braley’s vast expertise in business growth and governance makes him the perfect fit to steer the future direction of this collaboration.
Shared Vision for Electrification
“This clearance is a landmark not just for our partnership with Embraer, but also symbolizes our collective dream of redefining global travel,” remarked Michael Briggs, Senior Vice President at Nidec. “With this endorsement, the Nidec Aerospace team stands ready to reshape sustainable aviation worldwide.”
“Securing this approval has energized us. Our next move is to integrate our combined operational and engineering prowess. Our joint teams will now focus on ushering in the new age of sustainable aviation,” expressed Dimas Tomelin, Senior VP at Embraer.
Revealed at the Paris Air Show earlier this year, this business collaboration is poised to open new doors by introducing a diverse array of products and services internationally. Initial efforts will cater to the burgeoning Urban Air Mobility (UAM) sector, which, as per Morgan Stanley Research, has the potential to mushroom into a USD 1.5 trillion industry by 2040.
Electric Propulsion System Launch
The inaugural client for the joint venture’s Electric Propulsion System will be Eve Air Mobility, an avant-garde firm predicted to dominate the UAM landscape by offering an innovative approach to urban commuting. While Embraer will infuse its controller expertise into the project, Nidec will enrich it with their knowledge of electric motors. Of the partnership’s total shares, Nidec holds 51%, leaving 49% for Embraer.
Over the forthcoming years, Nidec Aerospace anticipates channeling more than USD 77 million to kickstart mass production by 2026.
