What if you could buy a road-drivable electric vertical-takeoff-and-landing (eVTOL) vehicle for the same price of a luxury car–but with even better performance?
Vertical Aerospace CEO Stephen Fitzpatrick took action this week to reassure viability of his company by committing up to $50 million in additional capital.
Andre Stein, the founder and former Co-CEO of Embraer spinoff Eve Air Mobility, has joined Eviation, the Washington-based startup developing an all-electric nine-passenger airplane called the Alice.
UK startup ARC Aerosystems has secured the first sale of its Pegasus two-seat autogyro, the jumping off point for its planned Linx family VTOL aircraft.
The AAM Stock Composite dropped by 7% during the week ending Jan. 19, extending a losing streak that has seen the index shed nearly 19% since the year's start.