# Nidec and Embraer receive approval for joint venture Nidec Aerospace

Nidec Corporation and Embraer received regulatory approval to establish Nidec Aerospace LLC, a joint venture to develop Electric Propulsion Systems (EPS) for the aerospace sector. The launch customer will be Eve Air Mobility.

- Type: Partnership
- Announced: 2023-10-05
- Where: United States
- Value: $77.0M
- Status: announced
- Products: Electric Propulsion Systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Nidec Aerospace LLC](https://endata.com/companies/70895.md)
- [Nidec](https://endata.com/companies/1321.md) (partner)
- [Embraer](https://endata.com/companies/23129.md) (partner)
- [Nidec Aerospace LLC](https://endata.com/companies/70895.md) (partner)
- [Eve Air Mobility](https://endata.com/companies/73210.md) (customer)

## Sources

- [moen.nidec.com](https://moen.nidec.com/aerospace/News-And-Media/Press-Releases/Archive/2023/10/05/Nidec-and-Embraer-receive-approval), 2023-10-05: "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."
- [businesswire.com](https://www.businesswire.com/news/home/20231005234026/en/Nidec-and-Embraer-Receive-Approval-for-Joint-Venture-to-Develop-Electric-Propulsion-System-for-Aerospace-Sector), 2023-10-05: "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."
- [americanmachinist.com](https://www.americanmachinist.com/news/article/21275149/embraer-and-nidec-launch-jv-for-electric-propulsion-nidec-aerospace-llc), 2023-10-10: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.