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 […]
Vertical Aerospace today released its 2024 Annual Report, including its FY24 full year financial results. Vertical’s Annual Report is accessible on the Company’s investor relations website and on the SEC’s website at www.sec.gov. Highlights of the report include: […]
Florida-based Doroni Aerospace has announced it has secured a USD30 million strategic investment from Innovation Wings Industries (IWI), operating as Kingdom Aero Industries (KAI) in Saudi Arabia. This investment will accelerate the company’s H1-X’s eVTOL […]
Vertical Aerospace has announced the closing of its previously announced underwritten public offering for total gross proceeds of USD90 million, before deducting underwriting discounts and commissions and other offering expenses. The amount raised was increased […]
Global aviation finance company Avalon and Air New Zealand have agreed a memorandum of understanding to partner on research to support the commercialisation of electric aircraft, and other novel propulsion technologies including battery hybrid and […]
EHang Holdings Limited today announced the preliminary revenues for the fourth quarter and fiscal year ended December 31, 2024. Total revenues for the fourth quarter 2024 are expected to reach RMB162 million, representing an increase […]
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