Lift Aircraft has been awarded a Phase 3 contract by the U.S. Air Force’s Agility Prime program to continue experimentation and flight tests of its single-seat HEXA electric vertical takeoff and landing aircraft.
South Korea’s Doosan Mobility Innovation (DMI) has secured a 27 billion won ($22 million) investment, primarily for the development of cargo drones powered by hydrogen fuel cells.
Boosted by a $23 million Series B financing round funded by investors with combined balance sheets exceeding $300 billion, UK vertiport startup Skyports is increasingly confident that, when certified urban air taxis do become available, the needed infrastructure can be in place.
Investment in advanced air mobility OEMs should cross over the $6 billion mark upon completion of Eve UAM’s merger with special purpose acquisition company Zanite Acquisition.
The UK’s Cranfield Aerospace Solutions has secured £10.5 million ($13.8 million) in investment from HydrogenOne Capital Growth and Safran to develop hydrogen fuel-cell electric propulsion for aviation.
Over the course of two days, Aviation Week’s Advanced Air Mobility Report received word of three different agreements designed to attract and establish AAM in specific areas.
Volocopter has received a first tranche of $170 million in Series E financing, with additional investment in the pipeline as the German electric vertical takeoff and landing startup works toward launching urban air taxi service in 2024.
As much of the aerospace and defense industry recoils from the Russian invasion of Ukraine, advanced air mobility remained a strong investment bet based not only on AAM but also on the probable uses of AAM aircraft in a military action.
Volocopter has secured a commitment for up to $1 billion in financing to build its fleet of electric vertical takeoff and landing passenger and cargo vehicles.
Swiss startup Daedalean has closed a $58 million financing round that will provide the funds needed to bring its machine-leaning-based visual guidance, navigation and control suite to market over the next four years.
A U.S. startup that plans to use airships to transport green hydrogen and air cargo has been selected for a business accelerator program run by Dassault Systemes.
The merger values the electric air taxi developer at $2.4 billion, a price backed up by the largest conditional orderbook in the advanced air mobility market.
Completion of Vertical Aerospace’s going-public merger with blank-check company Broadstone Acquisition on Dec. 16 took the total announced funding raised in 2021 by the nascent advanced air mobility industry to more than $5 billion.
UK electric air mobility startup Vertical Aerospace has listed publicly on the New York Stock Exchange after completing a merger with blank-check company Broadstone Acquisition that did not perform as well as hoped for.
Xtend, an Israeli-linked UAV operator system startup that aims to use artificial intelligence to help extend the use and range of unmanned vehicles, has raised $20 million in Series A funding, the company announced Nov. 16.
McKinsey & Co.’s Robin Riedel says approximately $12 billion in funding has flowed into advanced air mobility over the past decades, “a meaningful number.”
Talon 1 Acquisition Corp., headed by serial U.S. airline entrepreneur Ed Wegel of Eastern Airlines and Global Crossing Airlines, is eyeing a merger with an aerospace, aviation or related services company.
Automated flight control system startup Skyryse has raised $200 million in funding and signed partnerships with five fixed- and rotary-wing aircraft manufacturers, including Robinson Helicopter.
