Deals, Funding & Investments News & Articles

Ferrovial's new Senior Vice President of Business Development Kevin Costello will lead the development of the vertiport network across the East Coast, initially focused on the New York and New Jersey markets

Prioritizing sustainability, the cabin concept incorporates materials such as advanced recyclable carbon fiber reinforced thermoplastic, durable plant-based leather, recycled plastic fabric and responsibly sourced woods

SkyTaxi plans to launch long-distance operations focused on the tourism industry utilizing eVTOL aircraft and chose PLANA's CP-01 due to its longer flight range

April 2023 saw a number of significant developments, including contract awards, opening of new facilities, and new aircraft launched

The game will allow racing and flying enthusiasts the opportunity to learn, race, and configure speeders, and develop skills with a chance to become a real pilot when Airspeeder launches its racing series

The capital raise enables Lilium to continue the development of its Lilium Jet at full pace and covers most of the capital required to achieve a first crewed flight of the aircraft

As part of the agreement, Redwings intends to purchase ten Journey eVTOL aircraft, and Jaunt will support Redwings in its launch of an air taxi service in urban markets

The two-day event brought together numerous operators, suppliers, infrastructure companies and public officials from different organizations with the goal of identifying the next steps to support the future of eVTOL operations

The agreement names Volatus as the exclusive infrastructure and charging station provider for EvFly's global Advanced Air Mobility projects

The components, designed by Joby and manufactured by Toyota, will be delivered to Joby's facility in San Carlos, before finished assemblies are shipped to the pilot production line in Marina for integration

Rotor X's Dragon ultralight eVTOL comes with a ballistic parachute cage, is capable of flying for 20 minutes, and has swappable battery packs that recharge in less than two hours

MGI is applying Formula 1 development philosophies and mindset to the cargo eVTOL UAV market, lightweight composite structures with a highly-efficient, fast-paced iterative design processes are key to tackling industry challenges

The Moya eVTOL is an all-electric autonomous cargo drone with a payload capacity of 200kg and a range of 110km, being electric allows it to operate with zero emissions, and its design provides efficiency gains

Guardian's SC1 is an autonomous, electric, aerial crop protection system designed for large-scale agriculture, it can carry 200-pound payloads, has four six-foot propellers and a 15-foot width, and is able to cover 40 acres per hour of full-field protection

The first two Joby eVTOL aircraft are expected to be delivered to Edwards Air Force Base by early 2024 to demonstrate a range of potential logistics use cases, and will also become the first electric air taxis to be stationed at a US Air Force base

A roundup of the week's Advanced Air Mobility news, including developments from SkyDrive, PLANA and Skyway

By adding TCab's E20 eVTOL to its existing fleet, Asian Express Aviation intends to expand its low-altitude flights, in particular the large and currently underserved tourism markets

PLANA will work alongside Jeju Air to develop Advanced Air Mobility (AAM) business models, Air Operator Certificate (AOC) qualification standards and the training of industry workers including pilots

The consortium involved in Miami Engineering Autonomous Mobility Initiative (MEAMI) will investigate many aspects of autonomous mobility including advanced propulsion, sensing, and integration of satellite signals, among others