Vertical Aerospace has announced the closing of its previously announced underwritten public offering for total gross proceeds of USD60 million, before deducting underwriting discounts and commissions and other offering expenses. “In the Offering, Vertical sold […]
Today Archer Aviation announced it has raised an additional USD850 million following the White House’s announcement last week of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program in the United […]
According to the Bank of America Global Research team, the global civil adoption of eVTOLs could grow by 62% in 2025-30E and at a 85% compound annual growth rate between 2025 and 2040. There are […]
Joby Aviation has announced the successful closing of the first USD250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. “The funding marks a significant milestone in strengthening the long-term collaboration between […]
Eve Air Mobility has joined the National Aircraft Finance Association (NAFA) “As pioneers in the eVTOL revolution, we are committed to partnering with NAFA members to create innovative financing solutions that accelerate the adoption of […]
Insurance platform Apollo and Moonrock, a managing general agent specialising in drone insurance, have launched a new drone, eVTOL and aviation innovation insurance facility. The facility will provide liability coverage of up to USD 100 […]
EHang in a Linkedin post of March 21 has announced a strategic partnership with Guangzhou Bank, which includes an intended credit of RMB 2 billion (USD276 million). “The partnership will provide comprehensive financial support to […]
Alpine Vertical has announced a USD20 million equity raise to accelerate the development and commercialization of its next-generation hybrid VTOL (hVTOL) aircraft, the Argon. “This capital raise is aimed at advancing Alpine Vertical’s mission to […]
EHang Holdings has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Operational and financial highlights for the Fourth Quarter of 2024 include: EH216 series eVTOL sales and deliveries achieved […]
Eve Air Mobility has published its 2024 Q4 report and year-end financial results. Eve reported a net loss of USD40.7 million in 4Q24 versus USD39.3 million in 4Q23, which included a non-recurring USD1.1 million gain […]
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