Boeing Co. to invest money in electric planes are planning to make an investment in a startup to develop electric powered aircraft. The electric plane is being designed by the Zunum Aero. The company will manufacture the 10-50 seat plane for the initial traveling of 700 miles.

Nordlund, who heads Boeing HorizonX, gave the statement, “Our charter is looking beyond the horizon. We’re looking at traditional, non-traditional partnerships that help us accelerate innovation and market opportunities.”

Bonny Simi, president of JetBlue Technology Venture, while talking in an interview said, “We believe that, just like Tesla is disrupting the auto industry, electric propulsion will disrupt the regional airline industry. By investing now, we will literally have a seat at the table to see how this technology evolves.”

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