Vertical Aerospace, the UK-based advanced air mobility company, has announced the successful closing of its previously disclosed underwritten public offering, generating US$60 million in gross proceeds. The capital raise is intended to advance the development of its electric vertical takeoff and landing (eVTOL) aircraft program and support the company’s general corporate needs.
AURA AERO, the French manufacturer of electric-hybrid aircraft, has announced that its ERA (Electric Regional Aircraft) program has surpassed the 650 pre-order milestone. The achievement reflects increasing market interest in next-generation sustainable regional aviation, with five new letters of intent (LOIs) signed by a mix of international carriers, bringing the total order value to over $10.5 billion.
BETA Technologies, a U.S.-based developer of electric vertical and conventional takeoff and landing aircraft (eVTOL/CTOL), has signed a Memorandum of Understanding (MOU) with Republic Airways, one of the largest regional airline operators in the United States. The agreement aims to evaluate the operational potential of BETA’s fully electric ALIA aircraft for future regional passenger and cargo services.
Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million.
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.
