AAM_Business

Five of the six publicly traded electric-vertical-takeoff-and-landing (eVTOL) startups have reported their financial results for the 2023 second quarter (Q2).

Swiss startup Dufour Aerospace is planning to deliver a prototype Aero2 tiltwing uncrewed aircraft to launch customer Spright.

Another eVTOL technology demonstrator crashes during flight testing. Should the industry be worried?

Archer Aviation has raised a $215 million funding round led by automaker Stellantis.

Archer Aviation has agreed to settle an intellectual property theft lawsuit filed against it by rival Wisk Aero.

The Hexa is a single-seat, unwinged multicopter with a range of 15 mi. (24 km) and maximum cruise speed of 55 kt.

Tier 1 aerospace suppliers see the AAM industry as a way to bridge the business and technology gaps to the next single-aisle airliner.

Eve Air Mobility said it is on track to begin manufacturing parts and components for its first full-scale prototype during the third quarter of 2023.

Many investors bought into electric air-taxi companies in 2021 hoping to find the next Tesla, but instead they may be stuck with the next Uber.

Skyports Drone Services has announced the successful completion of a four-week drone delivery trial.

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.

Nikhil Goel helped establish the vision of urban air mobility (UAM) that has since captured the imaginations of entrepreneurs and investors around the world.

Britain’s Orkney Islands are set to become the first region of the UK to have an uncrewed aircraft system mail delivery service.

The award is similar to one received by Joby Aviation in April to deliver and operate up to nine of its S4 eVTOL aircraft for the U.S. Air Force.

Aerofugia is a subsidiary of Chinese carmaker Geely.

U.S. startup Electra.aero has secured an investment from Statkraft Ventures, a fund that specializes in energy transition and clean technology.

Colorado-based vertical-takeoff-and-landing (VTOL) startup XTI Aircraft has announced a reverse merger with real-time location services provider Inpixon.

United says it is exploring options to move its Aviate pilot training academy to electric-powered aircraft and away from internal combustion.

Japanese air taxi startup SkyDrive has announced a pair of new orders from customers in Vietnam and the U.S.

Eve Air Mobility and its parent company Embraer have announced the selection of the first air taxi manufacturing plant in Brazil, located in the city of Taubate in Sao Paulo state.

Having received U.S. FAA approval for their continuous autopilot system certification plan, Reliable Robotics says it will now shift to testing and validation.

Co-Lektiv was formed as a single customer-facing organization in November 2021 by Aria Group, KTM Technologies and Pankl.

Plana will deliver 10 of its CP-01 aircraft to Hi-Air beginning in 2031.

That new funding was widely expected.

The partnership will see EHang launch air taxi tourism and sightseeing services with the autonomous, two-passenger EH216-S multicopter.