Treatment of [(Ind)(tBu3P═N)TiCl2] (1; Ind = indenyl) with AlEt3 in a range of solvents affords the emerald green heterobimetallic complex [(Ind)(tBu3P═N)Ti(μ2-Cl)2AlEt2] (2). Single-crystal X-ray diffraction studies, as well as nuclear magnetic and X-band electron paramagnetic resonance spectra, support formulation of 2 as a paramagnetic, formally [TiIIIAlIII] complex. Both 1 and 2 are active precatalysts for ethylene polymerization in the presence of AlEt3 and a solid superacid; the product polyethylene materials are found to have similar molecular weight distributions in each case (3.29 with 1 and 3.05 with 2), implicating involvement of similar active catalysts in both. Electrochemical studies reveal that 1 can undergo one-electron reduction to TiIII near −2.0 V versus ferrocenium/ferrocene in tetrahydrofuran electrolyte, whereas 2 undergoes one-electron oxidation at a significantly more positive potential (ca. −1.30 V). Spectroelectrochemical studies show that reduction of 1 in the presence of AlEt3 ...