ZeroAvia today announced that it has completed its Series C funding round at a total of USD116m with the UK Infrastructure Bank joining the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact […]
Lilium and CITIC Offshore Helicopter Co., Ltd (COHC), a Chinese helicopter port pilotage provider — today announced the signing of a Memorandum of Understanding that will allow the two companies to strategically collaborate on the […]
AIBOT, a California-based company developing an AI-defined electric vertical take-off and landing (aiEVTOL) aircraft and ecosystem, announced its recent award of a USD15 million grant from the California Competes Grant Program. This significant endorsement by […]
EHang Holdings Limited has announced third quarter 2023 revenues of RMB28.6 million (USD3.9 million), “representing an increase of 247.9% from RMB8.2 million in the third quarter of 2022, and an increase of 186.0% from RMB10.0 […]
Ascendance, manufacturer of hybrid-electric vertical takeoff and landing (eVTOL) airplanes and solutions to decarbonise flying, has teamed with Amedeo (Amedeo Capital Limited), a privately owned global Aircraft Lessor and Asset Manager, to accelerate the development […]
The Kansai Electric Power Company (KEPCO) and Vertical Aerospace Group have signed a Memorandum Of Understanding (MOU) to cooperate on the Advanced Air Mobility (AAM) opportunity, and will establish a joint working group to study, […]
On November 16 this year the Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis announced the EXIM Board of Directors’ approval of a USD169 million dollar loan to BETA Technologies, […]
Aircraft manufacturer Electra announced today that it has completed the first flights of its EL-2 Goldfinch, a hybrid-electric, ultra-short takeoff and landing (eSTOL) aircraft. “The Goldfinch completed its hybrid-electric flight on November 19, from the […]
The launch of Volocopter’s air taxi operations in Singapore has been put on hold indefinitely, according to the Straits Times as the company has been unable to secure local partners who can share the burden […]
Joby Aviation has announced it has been awarded a USD9.8 million California Competes grant by the Governor’s Office of Business and Economic Development (GO-Biz) to support the Company’s continued statewide expansion. “The USD9.8 million grant […]
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