With the ambition of becoming a midtier aerospace and defense player, AIRO Holdings Group plans an initial public offering to fund its entry into the electric air mobility market.
Boeing company Aurora Flight Sciences has partnered with the University of California San Diego to develop tools to automate the design of electric vertical takeoff and landing vehicles under a NASA University Leadership Initiative project.
As part of its Project Crimson research effort, the U.S. Army’s Telemedicine & Advanced Technology Research Center is looking for a drone to quickly deliver blood to wounded service members during times when medical evacuation is not possible.
As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
Archer Aviation’s production electric air taxi, called the Midnight, is being designed to fly 45 back-to-back 20-mi. missions a day with a pilot and four passengers and a 10-min. recharge between flights, at prices comparable to ground ride-sharing, the startup has revealed.
Cranfield Aerospace Solutions has announced two new investors as it continues to work toward flying a hydrogen fuel cell-powered nine-seat demonstrator.
Retail giant Walmart is known for mass—massive product options, massive stores, massive appeal to consumers and massive power in the retail market place. Now, Walmart is leading the way with retail delivery of products by air, calling upon startup DroneUp to deliver the goods.
The U.S. Vertical Lift Consortium has named 19 finalists in its Urban Air Mobility Challenge, paving the way for a pitch competition in Washington on Sept. 28 and a chance to win $50,000 in funding.
South Korean automaker Hyundai has revealed new details of its broad-based advanced air mobility development strategy after unveiling a full-scale cabin mockup of its electric vertical takeoff and landing air taxi concept and signing a propulsion collaboration deal with Rolls-Royce.
Blade Air Mobility, one of 10 publicly traded advanced air mobility companies, beat analyst expectations with its second quarter 2022 financial performance.
Transportation research center DriveOhio has released an Advanced Air Mobility Framework document aimed at positioning Ohio for the expected growth of the AAM industry in the state.
United Airlines has made a $10 million predelivery payment on 100 of the 200 electric air taxis it agreed to purchase from Archer Aviation in February 2021.
A French startup has unveiled plans to develop a hydrogen fuel cell-powered four-seat aircraft to provide flight schools and other general aviation customers with a zero-emission alternative to today’s gasoline-fueled light aircraft.
Global helicopter operator Bristow Group has further widened its range of bets on the emerging advanced air mobility market, placing a firm order for five Beta Technologies Alia-250 electric vertical takeoff and landing aircraft.
