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.
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.
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.
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.
