You can imagine the frustration of Airbus’ engineers. Just hours before the company’s Zephyr high-altitude pseudo-satellite looked set to break a 60-year-old flight-duration record, the solar-powered uncrewed aircraft system was lost.
The primary story on funding in the advanced air mobility industry this month is on cash burn related to research and development, to include certification efforts.
Groupe ADP of France, Beta Technologies, UrbanV and Volatus Infrastructure join the AAM Infrastructure Index this month, bringing to nine the companies included in the index.
China’s EHang is banking on a post-pandemic recovery in tourism to fuel demand for its autonomous air vehicles and services and is talking to local governments about setting up operating centers in different regions once its EH216S electric air taxi has been certified.
Eve Holding climbed from No. 15 to No. 4 in the AAM Reality Index this month, improving its score on the 10-point scale from 7.0 in June to 7.7 in August.
As it prepares for the Atlantic hurricane season, utility Florida Power & Light has introduced a first-of-its-kind large uncrewed aircraft that will be able to survey the electric grid across the state to detect storm damage and speed repairs.
Skyports is challenging misconceptions about the development and operation of vertiports as the UK company closes a $26.1 million Series B funding round intended to consolidate its position as a leader in the advanced air mobility infrastructure market.
Textron has restarted work on the Nexus electric vertical takeoff and landing air taxi but moved the program from Bell to a new unit within its eAviation business segment focused on sustainable flight.
The aerospace technology and component provider has begun ramping-up its 787 production lines; “[It’s] a factor that will increase FACC’s revenue stream as we speak,” the CEO says.
With the ambition of becoming a midtier aerospace and defense player, AIRO Holdings Group plans an initial public offering to fund its entry into the electric air mobility market.
Boeing company Aurora Flight Sciences has partnered with the University of California San Diego to develop tools to automate the design of electric vertical takeoff and landing vehicles under a NASA University Leadership Initiative project.
As part of its Project Crimson research effort, the U.S. Army’s Telemedicine & Advanced Technology Research Center is looking for a drone to quickly deliver blood to wounded service members during times when medical evacuation is not possible.
As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
Joby Aviation has signed a revised certification basis for its tiltprop S4 after the FAA changed direction of certifying electric vertical takeoff and landing aircraft, and says it is still on track to launch air taxi operations in 2024.
Archer Aviation’s production electric air taxi, called the Midnight, is being designed to fly 45 back-to-back 20-mi. missions a day with a pilot and four passengers and a 10-min. recharge between flights, at prices comparable to ground ride-sharing, the startup has revealed.
Cranfield Aerospace Solutions has announced two new investors as it continues to work toward flying a hydrogen fuel cell-powered nine-seat demonstrator.
Retail giant Walmart is known for mass—massive product options, massive stores, massive appeal to consumers and massive power in the retail market place. Now, Walmart is leading the way with retail delivery of products by air, calling upon startup DroneUp to deliver the goods.
The U.S. Vertical Lift Consortium has named 19 finalists in its Urban Air Mobility Challenge, paving the way for a pitch competition in Washington on Sept. 28 and a chance to win $50,000 in funding.
