Five of the six publicly traded electric-vertical-takeoff-and-landing (eVTOL) startups have reported their financial results for the 2023 second quarter (Q2).
Aero Challenge Group is to invest “a double-digit million Euro sum” in development of the aircraft designed to carry 1,000 kg of payload or eight passengers.
Startup Transcend Air has redesigned its turbine-powered tiltwing VTOL aircraft and is working to raise the funds required to build a proof-of-concept vehicle.
Eviation has appointed Seattle-based engineering company TLG Aerospace to design the production configuration for the Alice electric regional aircraft.
Nikhil Goel helped establish the vision of urban air mobility (UAM) that has since captured the imaginations of entrepreneurs and investors around the world.