Electra.aero, a US-based aerospace innovator focused on sustainable flight solutions, has secured $115 million in Series B funding to propel its EL9 program into pre-production and certification stages. The EL9 is an ultra-short takeoff and landing (ultra-STOL) electric hybrid aircraft designed for point-to-point mobility in urban and remote regions.
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
Avolon (Ireland) and Air New Zealand have signed a Memorandum of Understanding (MOU) to collaborate on research aimed at advancing the commercialization of electric aircraft and other novel propulsion technologies, including battery hybrid and hydrogen systems. This partnership underscores both companies’ commitment to driving innovation and sustainability in the aviation sector.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
Eve Air Mobility, a U.S.-based electric vertical take-off and landing (eVTOL) aircraft developer, has signed a Letter of Intent (LOI) with Helicopters, Inc., a prominent provider of news-gathering and aerial services in the United States. The agreement covers the potential purchase of up to 50 eVTOL aircraft, signaling a significant step toward enhancing urban air mobility solutions.
Eve Air Mobility (US) has announced the receipt of a $35 million fund from BNDES (Brazil), a significant boost to its financial resources for advancing the development of eVTOL (electric Vertical Take-Off and Landing) aircraft. This funding underlines Eve’s commitment to innovation in the urban air mobility sector.
BETA Technologies, a US-based developer of electric aviation solutions, has achieved a significant milestone with the successful first flight of the production version of its ALIA eCTOL (electric Conventional Takeoff and Landing aircraft). This accomplishment underscores BETA’s progress in advancing sustainable aviation technology and paves the way for commercial deployment of the ALIA platform.
Lilium, a German aviation company specializing in all-electric vertical takeoff and landing (eVTOL) aircraft, has appointed KPMG in the Netherlands to oversee a transparent and structured mergers and acquisitions (M&A) process. This initiative is part of Lilium’s strategic focus on securing new investment following a recent restructuring, as the company aims to advance the development…
