Swiss startup Daedalean has closed a $58 million financing round that will provide the funds needed to bring its machine-leaning-based visual guidance, navigation and control suite to market over the next four years.
A U.S. startup that plans to use airships to transport green hydrogen and air cargo has been selected for a business accelerator program run by Dassault Systemes.
The merger values the electric air taxi developer at $2.4 billion, a price backed up by the largest conditional orderbook in the advanced air mobility market.
Completion of Vertical Aerospace’s going-public merger with blank-check company Broadstone Acquisition on Dec. 16 took the total announced funding raised in 2021 by the nascent advanced air mobility industry to more than $5 billion.
UK electric air mobility startup Vertical Aerospace has listed publicly on the New York Stock Exchange after completing a merger with blank-check company Broadstone Acquisition that did not perform as well as hoped for.
Xtend, an Israeli-linked UAV operator system startup that aims to use artificial intelligence to help extend the use and range of unmanned vehicles, has raised $20 million in Series A funding, the company announced Nov. 16.
McKinsey & Co.’s Robin Riedel says approximately $12 billion in funding has flowed into advanced air mobility over the past decades, “a meaningful number.”
Talon 1 Acquisition Corp., headed by serial U.S. airline entrepreneur Ed Wegel of Eastern Airlines and Global Crossing Airlines, is eyeing a merger with an aerospace, aviation or related services company.
Automated flight control system startup Skyryse has raised $200 million in funding and signed partnerships with five fixed- and rotary-wing aircraft manufacturers, including Robinson Helicopter.
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.
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.
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.
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.
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.
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.
