Advanced air mobility startup Volocopter has secured fresh funding that is expected to finance the company beyond certification of the VoloCity multicopter.
Chief Commercial Officer Sebastien Borel said that that business sector is well suited for early adoption, while the mass market will take longer to mature.
Volare, the sales, management, maintenance and charter provider to be the launch customer for the Lilium Jet, expects to receive 10 aircraft by mid-2026.
The CEO of Lilium says the company may have to leave Germany if it cannot secure government funding for development and certification of its Lilium Jet.
The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
The AAM Stock Composite was mostly flat during the week ending April 19, as a rise in EHang’s share price offset weakness elsewhere in the unweighted index.
A widening gap between the well-capitalized and poorly capitalized startups suggests that not all the publicly traded players will make it to entry into service
