Tata to acquire stake in Bladon Jets
Jaguar owner to buy a share of British micro jet engine developer.
Tata Ltd, the wholly owned subsidiary of Tata Sons Ltd in the UK, has agreed to become a minority shareholder in the British gas turbine company, Bladon Jets.
The Shropshire-based company is developing micro-sized gas turbine engines, targeting global automotive and distributed power generation markets. Tata said that the highly-efficient engines would be ideally suited for use in hybrid electric vehicles, providing a lightweight and multi-fuel alternative to the engines used in the majority of cars today.
Bladon Jets partnered Jaguar in developing the C-X75 concept electric supercar which was unveiled at the Paris Motor Show this week. At the heart of the C-X75 two-seater are two mid-mounted micro gas turbines that can either charge the car’s batteries, allowing it to travel 560 miles (900km) on a single tank, which is enough to drive from London to Berlin, or automatically provide supplementary power directly to the electric motors, allowing the car to reach a top speed of 205 mph (330kmh).
“It is a company we have admired for some time,” said Anwar Hasan, managing director of Tata Ltd. “Acquiring a stake in this business is recognition of this and the exciting potential their products have in the automotive and distributed power generation arenas. We look forward to continuing the already-close working relationship with Bladon Jets and will take great pride in the future success of their business.”
“This is a very exciting milestone for our company,” responded Paul Barrett, chairman of Bladon Jets. “Tata is one of the world’s most respected companies and we’re delighted by the vote of confidence they’ve shown in the expertise of our staff and future of our business. Their investment and continued support will enable us to proceed with plans to take the business to the next level.”