eVTOL

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

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

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

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

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

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

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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EVTOL startups just got a big lift from the US government

Federal regulators have cleared the path for electric vertical takeoff and landing aircraft to share U.S. airspace with planes and helicopters – a win for the burgeoning industry and a timely decision for startups like Joby Aviation and Archer Aviation that are expected to launch air taxi networks commercially in 2025.  The Federal Aviation Administration

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Toyota pours another $500M into electric air taxi startup Joby Aviation

Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that’s developing electric air taxis. Toyota’s total investment in Joby, which includes a $394 million capital injection back in 2020, is now $894 million. The funds will be used to help Joby complete the lengthy Type 2 certification process

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Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million to date from heavy hitters

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