UK Government pledges nearly £50 million to power up drone and flying taxi tech and crack down on illegal drones
Drone deliveries, flying taxis and smarter emergency services could be a step closer to use in UK skies, as the
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Investment
Vertical Aerospace Assembles Comprehensive Financing Package of up to $850 million
Vertical Aerospace has announced the signing of an agreement in principle as part of a financing package totaling up to
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Eve Air Mobility Secures New $150 Million in Funding to Support its eVTOL Aircraft Program
Eve Air Mobility has secured another significant amount of investment of its eVTOL aircraft program, with a $150 million in
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Eve Celebrates Brazil’s Listing and Secures $40 Million Package from BNDES, to Support Company’s First Certification eVTOL Aircraft
Eve Air Mobility has announced a $40 financing package from Brazil’s National Bank for Economic and Social Development (BNDES), which
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AAMG, Zuri VTOL Sign Investment Terms “to Accelerate Hybrid-Electric VTOL Aircraft for Cargo, Defence and Regional Air Mobility”
It’s Hello Zuri, goodbye Lilium as the Ambitious Air Mobility Group (AAMG), weary of its wranglings with the ‘liquidator’ of
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Odys Aviation Secures Series A Funding to Accelerate Full-Scale Flight Testing and Global Operational Launch ahead of busy year
Odys Aviation has the closed a $26M Series A funding round, which will support strategic team expansion and flight testing
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MIDDLE EAST: FlyNow Arabia announces further investment for its electric air mobility operations in Saudia Arabia
FlyNow Arabia Ltd. has secured strategic investments from Den VC, as well as from the Al-Mohaidab, Reslan, and Mehchi family
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Eve Announces $230 Million Equity Capital Raise and Dual Listing in the United States and Brazil
Eve Air Mobility has secured $230 million in new equity funding and is now listed on both the NYSE (EVEX) and B3 (EVEB31). This latest
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China: Xpeng Aeroht “Secures USD250 Million Investment From Series B Financing Round”
China-based Xpeng Aeroht, Xpeng’s flying car subsidiary, announced this week it has secured a USD250 million investment from a Series
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Vertical Aerospace Announces “Closing of USD60 Million Underwritten Public Offering”
UK-based Vertical Aerospace recently announced the closing of its previously announced underwritten public offering for total gross proceeds of USD60
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SkyDrive Secures “Y8.3 Billion in Pre-Series D Funding from Suzuki, JR East, JR Kyushu”
Japan-based SkyDrive recently announced it has raised Y8.3 billion in Pre-Series D funding through a third-party allotment, reports a press
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Joby Aviation Announces “First USD250 Million Investment Tranche from Toyota Motor Corp”
Joby Aviation announced this week, a successful completion of the first USD250 million tranche of a previously announced investment from
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UK Government “to Fund over UKP20 Million for British Drone and eVTOL Industries”
Released yesterday, some people thought this was an April Fool news story, but no, the Labour Government is serious about
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TCab Tech Secures “B+ Round Investment to Accelerate Commercialisation of eVTOL E20” in Low-Altitude Economy
China-based TCab Tech, a developer of eVTOL aircraft, recently announced the successful completion of B+ round financing, reports a press
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“Archer Raises Over USD300 Million From Institutional Investors As Defence Opportunities Look Stronger Than Expected”
Archer announced this week, it has raised over USD300 million from leading institutional investors, including those whose funds and accounts
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Vertical Aerospace Announces “Closing Of USD90 Million Underwritten Public Offering”
UK-based eVTOL company, Vertical Aerospace, recently announced the closing of its underwritten public offering of USD90 million, before deducting costs,
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Joby Announces “USD200 Million Public Stock Offering, Shares Priced at USD5.05”
eVTOL company, Joby Aviation, has announced a public offering of common stock priced at USD5.05 per share with expected proceeds
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XTI Aerospace Signs Capital Distribution Agreement “For Proposed Equity Investment of up to USD55 Million”
XTI Aerospace announced this week, it has entered into an agreement with FC Imperial Limited (FCIL), an affiliate of global
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Archer Attracts Further “USD55 Million Investment from Stellantis” Following Recent Flight Test Milestone
Archer Aviation announced this week an additional USD55 million investment from car manufacturer, Stellantis, who is supporting the flying taxi
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China: Volant Aerotech Attracts “USD14 million Investment” in Latest Series A Funding Round
On Tuesday (June 11th), Volant Aerotech, yet another emerging China-based eVTOL company, announced it had attracted USD14 million (100 million
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Lilium secures additional $114 million in funding, with participation from strategic and existing investors
Lilium has successfully concluded its previously announced capital raise, resulting in $114 million of new gross proceeds. The net proceeds from
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Boeing announces $240 million CAD investment in Quebec aerospace, including $95 million for Wisk and its autonomous eVTOL aircraft
Boeing is to invest $240 million CAD in several Québec-based enterprises, which includes $95 million dedicated to advancing Wisk’s autonomous,
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“Skyportz Latest Fundraiser a Great Success”
Skyportz, the Australian-based vertiport developer, announced this week that its latest fundraising has been a big success, reports a press
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Abu Dhabi: Archer Signs Framework Agreement at DRIFTx Mobility Event “For Multi-Hundred-Million Dollars”
Archer Aviation announced today it has signed “a framework agreement” at the Abu Dhabi DRIFTx Mobility event “for multi-hundreds of
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