UP.Partners Targets Future Mobility With New Fund

By Graham Warwick Oct 18, 2021
With investors including Alaska Air Group, UP.Partners has closed a $230 million early stage venture capital fund dedicated to supporting companies enabling future mobility.
Urban & Unmanned Aviation

UH2 Raises Funds For Fuel-Cell Flight Testing

By Graham Warwick Oct 15, 2021
Universal Hydrogen has raised an additional $62 million in funding to take the startup through initial flight testing of its hydrogen fuel-cell propulsion conversion for regional turboprops. 
Emerging Technologies

French eVTOL Startup Secures Funding Boost

By Graham Warwick Sep 16, 2021
French startup Ascendance Flight Technologies has closed a €10 million ($12 million) funding round.
Urban & Unmanned Aviation

Agility Prime Deal Will Help Mature Moog’s SureFly

By Graham Warwick Sep 14, 2021
Moog is latest to strike deal with the U.S. Air Force Agility Prime program to explore eVTOL technology.
Urban & Unmanned Aviation

Swiss Air-Rescue To Help Dufour Develop EMS eVTOL

By Graham Warwick Sep 14, 2021
Rega–Swiss Air-Rescue is to cooperate with Dufour Aerospace on an air ambulance version of the startup’s planned Aero3 eVTOL aircraft.
Urban & Unmanned Aviation

Vertiia eVTOL Team Secures Another Research Grant From Australia

By Graham Warwick Sep 13, 2021
The grant supports an A$8 million program that will run to December 2023 which involves development and optimization of a quiet, efficient and lightweight propulsion system that increases the range and reduces the noise and cost of the Vertiia.
Urban & Unmanned Aviation

Lilium To Go Public After Large Shareholder Payback

By Michael Bruno Sep 10, 2021
High-profile electric air taxi startup Lilium will become a publicly traded company Sept. 15 when its Class A ordinary shares and redeemable warrants will be listed on the Nasdaq stock exchange under the ticker symbols “LILM” and “LILMW” respectively.
Urban & Unmanned Aviation

Blade Boosts Organ Air Transport Business

By Graham Warwick Sep 10, 2021
On-demand helicopter service provider Blade Air Mobility is to acquire organ transport company Trinity Air Medical.
Urban & Unmanned Aviation

Palantir Invests In Persistent-UAV Developer Skydweller

By Graham Warwick Sep 09, 2021
Enterprise data platform provider Palantir has invested in solar-powered aircraft developer Skydweller Aero.
Urban & Unmanned Aviation

Long Wait For Return On UAM Investment, Report Says

By Graham Warwick Jul 13, 2021
Only a fraction of the investment required to make urban air mobility (UAM) an economically or socially relevant mode of transportation has been raised, and players in the market will need to take the long view if they want to see a return on their investment, cautions a report by Porsche Consulting.
Urban & Unmanned Aviation

Eve Confirms Talks With Ricci’s Zanite SPAC

By Graham Warwick Jun 11, 2021
As another electric air-taxi startup announces plans to go public, Embraer has confirmed that its Eve Urban Air Mobility spinoff is in talks with a blank-check company.
Urban & Unmanned Aviation

Honeywell Partners With Lilium As Key Supplier And Investor

By Graham Warwick Jun 09, 2021
The avionics and flight control systems for Lilium’s seven-seat electric regional air taxi will be supplied by Honeywell.
Urban & Unmanned Aviation

Morgan Stanley Expects Slower Start To UAM Market

By Graham Warwick May 07, 2021
Morgan Stanley has significantly reduced its forecast for the urban air mobility (UAM) market by 2040 and now expects regulatory hurdles to result in a substantially slower ramp-up in commercial services than anticipated.
Aircraft & Propulsion

Lilium Unveils SPAC Deal, Seven-Seat eVTOL

By Graham Warwick Mar 30, 2021
German regional air mobility startup Lilium is to go public in a deal expected to provide up to $830 million in funds to complete certification, begin production and launch commercial operation of its piloted seven-seat Lilium Jet air taxi in 2024.
Aircraft & Propulsion

AAM Startup Xeriant Looks To Raise Money In Public Offering

By Michael Bruno Mar 24, 2021
Xeriant, a three-year-old aerospace holding company that includes the Halo concept for an electric-vertical-takeoff-and-landing (eVTOL) taxi, is preparing to offer more public shares to raise funds for acquisitions and other endeavors.
Urban & Unmanned Aviation

Archer Shoots For UAM Leadership With SPAC Merger

By Graham Warwick Feb 15, 2021
Investment deal will give eVTOL startup Archer $1.1 billion to develop its eVTOL air taxi—and 200 orders from United Airlines.
Urban & Unmanned Aviation