eVTOL

Archer Aviation Secures $430 Million Investment in Strategic Partnership with Anduril

9 days ago

Archer Aviation, an emerging leader in electric vertical takeoff and landing (eVTOL) aircraft, has recently announced a significant partnership with defense technology company Anduril Industries. This collaboration comes with a lucrative financial backing amounting to $430 million, marking a pivotal moment for Archer as it seeks to navigate the electrifying world of urban air mobility.

Vertical Aerospace Secures Crucial Bailout from Mudrick Capital to Propel Air Taxi Ambitions

26 days ago

In a significant development for the electric air taxi industry, Vertical Aerospace, a pioneering company in the vertical take-off and landing (eVTOL) aircraft segment, has successfully secured a much-needed financial lifeline from Mudrick Capital Management. The infusion of capital comes at a critical juncture for Vertical, which has been grappling with funding challenges amid a highly competitive and rapidly evolving market.

Geely Sets Its Sights on German Flying Taxi Startup Volocopter

1 month ago

In a strategic move reflecting China's growing interest in the aerial transport sector, Geely Technology Group, a prominent automotive manufacturer, is reportedly working towards acquiring the German urban air mobility startup Volocopter. This endeavor signals a significant shift in the dynamic between established automotive players and emerging aerial taxi services.