South Korea’s Doosan Mobility Innovation (DMI) has secured a 27 billion won ($22 million) investment, primarily for the development of cargo drones powered by hydrogen fuel cells.
Helicopter leasing company Lobo Leasing has signed a letter of intent with Pipistrel that includes deposits for the acquisition of 15 Nuuva V300 hybrid-electric vertical takeoff and landing unmanned cargo aircraft.
Germany’s government has confirmed it is funding a project to modify a Dornier 328 regional turboprop into a flying testbed for zero-emission hydrogen-electric propulsion.
As it works to establish design and manufacturing operations in Montreal, Jaunt Air Mobility has secured two new Canadian investors and advisors, retired Air Canada CEO Calin Rovinescu and entrepreneur Mitch Garber.
Helicopter and commercial aircraft brokerage Blueberry Aviation has signed an agreement to support Swiss startup Dufour Aerospace in securing launch customers for its Aero2 and Aero3 hybrid-electric vertical takeoff and landing aircraft.
At the end of 2020, South Korean automaker Hyundai revealed that it planned to field a longer-range regional air mobility vehicle as a follow-on to the electric vertical takeoff and landing urban air taxi it is developing for market entry in 2028.
Citing the need for local policymakers to understand the emerging technologies, the World Economic Forum has launched the Advanced and Urban Aerial Mobility Cities and Regions Coalition.
Honeywell Aerospace sees its urban air mobility (UAM) office creation as a responsible move for a longtime aerospace supplier eyeing a generational shift.
Of the five electric air taxi developers that have been involved in going-public mergers with blank-check companies, only two are following the tried-and-tested aerospace business model of manufacturing, selling and supporting their aircraft.
Investment in advanced air mobility OEMs should cross over the $6 billion mark upon completion of Eve UAM’s merger with special purpose acquisition company Zanite Acquisition.
Joby Aviation has begun building the first production prototype for certification flight testing of its S4 electric vertical takeoff and landing air taxi.
A UK consortium led by Embraer company Eve UAM has completed a concept of operations for urban air mobility in London that identifies the near-term challenges and actions required to enable electric air taxi service.
It was the market, not the machines, that dominated the debate during a panel discussion on hybrid and electric airplanes at the British Business and General Aviation Association’s (BBGA) annual conference here in March.
Japanese commercial UAV company Terra Drone has raised $70 million in Series B venture capital from local investors and will apply the funds toward a drone air traffic management service.
Japanese automaker Suzuki Motor is looking at adding electric air taxis to its lineup of compact cars and motorcycles and targeting markets such as India through a partnership with Tokyo-based startup SkyDrive.
With the goal of being able to develop tourism sustainably, Air Greenland has partnered with lessor Avolon to explore the potential for zero-emission domestic air travel using Vertical Aerospace’s VX4 electric air taxi.
With Eve UAM planning to go public in the second quarter through a merger with blank check company Zanite Acquisitions, the Embraer spinoff has secured its first post-merger investor.
Eve Urban Air Mobility Solutions continues to lead the emerging orderbook for advanced air mobility, with agreements for 1,785 aircraft of a total 9,277 for the industry.
Embraer’s urban air mobility company Eve UAM has added U.S. charter carrier Global Crossing airlines Group to its conditional orderbook as it prepares to go public through a merger with blank check company Zanite Acquisition.
