Attracting its first investment from the Middle East, Chinese startup Volant Aerotech has raised more $300 million to continued development of its air taxi.
U.S. advanced battery developer Sion Power has pivoted from its long pursuit of the electric vehicle market to target defense and aerospace applications.
Vertical Aerospace has completed a two-way piloted transition flight of its VX4, marking a key milestone in the effort to bring its electric air taxi to market.
Backed by policy tailwinds and low-altitude economy optimism, China’s general aviation (GA) sector is seeing unprecedented liberalization, widening the field for both traditional players and startups.
Vertical Aerospace’s piloted one-way transition of its VX4 clears a key hurdle, with the next phase of testing focused on completing and repeating the maneuver.
Vertical Aerospace has secured a conditional financing package worth up to $850 million, providing the U.K.-based eVTOL developer with a potential lifeline.