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Urban Air Mobility News

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Category: Insurance and finance

Volocopter in Japan: Sumitomo Corporation invest and regulatory pathway set

February 21, 2023 Greg Suart Air taxis and personal transports, Business Partnerships, Insurance and finance

Volocopter announced today that Sumitomo Corporation, a Fortune 500 company, invested in the company’s Series E Funding round. Sumitomo will also become a key strategic

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Battery company Ionblox increases Series B funding to USD32 million, supported by Lilium and partners

February 9, 2023 Greg Suart Batteries, Insurance and finance

Ionblox, a next-generation lithium-ion battery company has announced a second close of its Series B round at an increased USD32 million including investments from original

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U.S. Air Force awards Electra a “Strategic Funding Increase” valued up to USD85 million

January 28, 2023 Greg Suart Air taxis and personal transports, Business Partnerships, Fixed wing low/zero emissions, Insurance and finance

Electra, a “next-gen aerospace company” has announced its selection by the U.S. Air Force AFWERX innovation arm for a Strategic Funding Increase (STRATFI) award that

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Dufour Aerospace completes Series B investment from Vista

January 24, 2023 Greg Suart Air taxis and personal transports, Insurance and finance

Dufour Aerospace AG has announced successful completion of a Series B investment from Vista Global Holding Limited (Vista), the global private aviation group, “further supporting

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Vertical Aerospace announces Third Quarter 2022 financial results

November 10, 2022 Greg Suart Air taxis and personal transports, Insurance and finance

Vertical Aerospace, a global aerospace and technology company that is pioneering zero emission aviation, has announced  its financial results for the third quarter ended September

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VoltAero secures the first funding in its Series B round from the strategic industrial investor, TESI

November 2, 2022 Greg Suart Air taxis and personal transports, Insurance and finance

VoltAero has announced completion of the first tranche in its Series B financing, with Italy’s TESI becoming a strategic investor and industrial partner. The new

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Volocopter raises additional USD 182 million in second signing of Series E financing round

November 1, 2022 Greg Suart Air taxis and personal transports, Insurance and finance

Volocopter, a pioneer of urban air mobility (UAM), today announced it has raised an additional USD 182 million in the second signing of its Series E funding

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American Airlines makes equity investment in Universal Hydrogen

October 21, 2022 Greg Suart Insurance and finance

American Airlines has announced a strategic equity investment in Universal Hydrogen “to help us build a green hydrogen distribution and logistics network for aviation.”  The

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Flying car by California startup Alef attracts early Tesla investor

October 20, 2022 Greg Suart Air taxis and personal transports, Insurance and finance

Alef, a California-based sustainable electric transportation company has announced it has raised USD 3 million from an early Tesla investor. Reuters report “The unusual appearance

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South Korea’s hybrid eVTOL-maker Plana “attracts USD9 million in pre-A fundraise”

October 12, 2022 Greg Suart Air taxis and personal transports, Insurance and finance

Plana, a Korean eVTOL start up, has reported on social media “a successful pre-A round fundraising for USD 9 million (12B KRW), which led to

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