Improving the energy storage capacity system in electric aircraft as well as overall load capacity is instrumental in urban air mobility. The EU-funded OPENSRUM project focuses on improving the power conversion efficiency in electric aircraft and designing a smart wireless battery management system with accurate battery state-of-charge (SoC) and state-of-health (SoH) estimations. The project will increase the voltage of the lithium-ion battery packs to reduce current rating and cable weight, while identifying a power converter topology to maximise overall efficiency. OPENSRUM will explore data-driven methods based on machine learning to improve the accuracy of the state estimations.