eVTOL

An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia

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Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.  If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi […]

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Vertical Aerospace has a plan to capitalize on Europe’s defense tech moment

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Russia’s war in Ukraine and President Donald Trump’s reluctance to support NATO allies has led to a boost in funding for European defense tech. And across industries, startups are leveraging the opportunity. One such company could be UK-based startup Vertical Aerospace, which is developing eVTOL (electric vertical takeoff and landing) aircraft mainly for air taxi

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Archer Aviation wants to help New Yorkers skip airport traffic with electric air taxis

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New York City is one of those places in the world where you can get a dollar slice at 2 in the morning or have a burger delivered in under 30 minutes, but you’ll still spend two hours crawling down the highway to catch a flight. Archer Aviation wants to change that with air taxis

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Archer Aviation doubles down on defense aircraft with fresh $300M

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Escalating geopolitical tensions and a new administration with a hawkish defense agenda has led many startups to embrace dual-use strategies to secure revenue through military applications. And it’s a trend that is already heating up in aerospace.   Just look at Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very

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Archer teams up with Anduril and raises $430 million to build defense aircraft

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Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown.  Archer Aviation wants in on the action.  The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has

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Hyundai’s electric air taxi startup Supernal is moving its HQ from DC to California

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Hyundai’s electric vertical takeoff and landing startup Supernal is shifting its global headquarters from Washington, D.C. to Irvine, California and asking around three dozen of workers to relocate, TechCrunch has learned. The company told TechCrunch about 5% of its total workforce — roughly 35 to 40 people — are being asked to relocate to California.

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Joby launches $300M public offering ahead of 2025 commercial eVTOL release

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Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $300 million of its shares of common stock, per a regulatory filing. Joby in October initially offered $200 million, but an amendment to the prospectus has increased the offering by $100 million. Joby said it will use

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Joby launches $200M public offering ahead of 2025 commercial eVTOL release

Startups /

Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $200 million of its shares of common stock, per a regulatory filing. Joby said it will use the proceeds from the raise — together with its existing cash — to fund its certification and manufacturing efforts, prepare

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Electric aircraft startup Lilium has run out of money

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Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks from the German company that was once a darling in the nascent industry of electric aircraft. Lilium, which was developing vertical take-off and landing (VTOL) aircraft

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