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Cargo and logistics

Elroy Air increases PIPE investments to USD175 million with participation from Lockheed Martin Ventures

Elroy Air has announced that it has expanded its previously-disclosed private investment in public equity (PIPE) commitments, increasing the total to USD175 million. Existing investors including Lockheed Martin Ventures and Inflection Point participated and USD75 […]

Air taxis and personal transports

Vertical Aerospace announces new financial commitments from investors

Vertical Aerospace today announced financing commitments of approximately USD100 million from existing and new investors to support continued progress toward the certification and commercialisation of its Valo aircraft platform. According to the company there are […]

Air taxis and personal transports

Sarla announces investment for ‘Indian air taxi network’, explores vertiport at Cochin

IndiGo Ventures has made a strategic equity investment in Sarla Aviation, which Sarla has called “the first step towards building India’s first nationwide air taxi network”. “Imagine arriving at Bengaluru airport and instead of defaulting […]

Air taxis and personal transports

Autoflight launches insurance package covering wide range of eVTOL operations

Chinese eVTOL manufacturer AutoFlight has launched AF Care+, “a first-of-its-kind all-in-one protection programme for operators of its eVTOL aircraft,” said the company in a Linkedin post. “The programme is built on an initial arrangement with […]

Air taxis and personal transports

Eve raises USD 230M in equity capital in Brazil

Eve Air Mobility has entered into subscription agreements with BNDESPAR, a subsidiary of the Brazilian Development Bank (BNDES), Embraer and other institutional investors to issue and sell, in a capital raise via a registered direct […]