Joby Aviation has closed an equity sale worth $513.9 million in a move that fortifies its balance sheet as it gears up for the final stages of the FAA type certification process.
China’s EHang announced a strategic cooperation with the Hefei Provincial Government to establish a “product hub” for its VT35 lift-plus-cruise eVTOL aircraft.
China’s eVTOL developers have moved rapidly up the ranking of the emerging global advanced air mobility industry, displaying a pace of advance unmatched by even the West’s most aggressive startups.