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EVTOL AIRCRAFT INDUSTRY
Vertical Aerospace secures financing package of up to $850 millionVertical Aerospace said on Monday it has agreed in principle to a financing package of up to $850 million, sending its US-listed shares up ...
China's 10-passenger electric aircraft, the Matrix, hints at how big flying taxis can beIn Kunshan, China, AutoFlight demonstrated its Matrix eVTOL, the largest electric aircraft built in China, capable of carrying 10 passenger...
Startup Sarla Aviation commences ground testing of air taxi at Bengaluru facilitySarla Aviation has begun ground testing its half-scale eVTOL demonstrator, SYLLA SYL-X1, at its Bengaluru facility. This milestone marks a ...
Takeoff of China's flying taxis hits turbulenceChina is pushing forward with its low-altitude economy. Flying taxis and delivery drones are becoming a reality. Businesses are growing wit...
Joby stock soars 8% again as air taxi expansion lifts entire eVTOL sector — Archer, KRMN surge tooJoby Aviation stock is on fire, soaring over 7% today and 160% since April, making its CEO JoeBen Bevirt a billionaire again. The massive r...
Joby Aviation CEO becomes a billionaire overnight after stock skyrockets 160% and 11% in a dayJoby Aviation stock is soaring, jumping 160% since April, pushing CEO JoeBen Bevirt back into billionaire status with a $1.3 billion stake....
DGCA working with ICAO, other civil aviation authorities on advanced air mobilityThe DGCA is collaborating with ICAO and other aviation authorities to study and integrate advanced air mobility technologies, focusing on e...
Honeywell, NXP Semiconductors expand partnership to develop aviation technologyHoneywell and NXP Semiconductors announced an expanded partnership to develop AI-driven technology for aviation and autonomous flying. The ...
eVTOL player ePlane raises $14 million, anticipates parallel aviation industry & new jobsFounder of the startup and IIT-Madras aerospace engineering professor Satya Chakravarthy told ET that the government's support and announce...
DGCA issues circular advising airworthiness certification requirements for vertical take-off, landingThe Directorate General of Civil Aviation (DGCA) has issued an advisory circular detailing the baseline airworthiness criteria for type cer...
Archer says Stellantis to help fund some air-taxi production costsThe funding will give Archer access to much-needed capital to fund the production of its flagship 'Midnight' aircraft to 650 units annually...
Aviation regulator DGCA sets up internal working groups to develop norms for eVTOLs"In tandem with that, DGCA has also constituted internal working groups for studying various aspects related to operation of eVTOL to asses...
Flying over city traffic: How exactly can you travel between Delhi and Gurugram in 7 minutes?In a joint venture, InterGlobe Enterprises, the parent company of India's leading airline IndiGo, and US-based Archer Aviation, plan to int...
Archer shares jump 33% on air taxi deal with US Air ForceThe deal, worth up to $142 million, includes delivery of vertical takeoff and landing (eVTOL) aircraft, pilot training, development of main...
Flying taxis star at Paris Air Show, next stop: the OlympicsFor the VoloCity made by German firm Volocopter, the next stop is the 2024 Olympic Games in Paris, when it plans to ferry passengers across...
Air taxi makers urge investors to stay onboard ahead of commercial lift-offElectric vertical takeoff and landing aircraft (eVTOL) have been touted as the future of urban air mobility and have drawn global interest,...
Dream of flying car could get real as Japan successfully conducts test flightJapan's SkyDrive Inc., among the myriads of ``flying car'' projects around the world, has carried out a successful though modest test fligh...