With $318 million raised during the Series C round it brings the total equity capital raised by BETA Technologies to 1 billion dollars. During this round of fundraising, Qatar Investment Authority (QAI) led the investment, while Fidelity Management & Research Company and TPG Rise Climate Fund were able to increase their share of BETA Technologies…
With the electric VTOL market expecting to grow from $1.2 billion in 2023 to $23.4 billion by 2030 and $1 trillion by 2040, it is a no-brainer that investors will flock 🦢to the innovators and manufacturers in this sector. Lilium has been a pioneer in all-electric VTOL aircraft. Founded by 4 bright engineers and university…
Joby finalized the sale of 40,000,000 shares of common stock at a public offering price of $5.05 per share, making Joby possessing a cash balance of over $1 billion. The company held $825 million by the second quarter of 2024. Early this October, Joby received a $500 million in funding from Toyota. This puts the…
Lilium’s 6-k filing on Thursday (October 24th 2024), mentioned the situation at hand regarding the need of funds for Lilium (NASDAQ: LILM) to “conduct ongoing operations” in the same tempo it has in recent years. “As of the date of this report, the Company and the Subsidiaries have a limited amount of cash to conduct…
The German federal government currently faces a crucial decision: whether to support Lilium, an innovative aerospace company, with a €50 million loan guarantee. Lilium, known for its cutting-edge work on electric vertical takeoff and landing (eVTOL) aircraft, has the potential to place Germany at the forefront of the global race in urban air mobility. However,…
(Yes, we know the correct pronunciation, but thought this was fun!) Two potential sources of funding might provide the spark that jumpstarts electric VTOL manufacture Lilium’s growth. Both a €100 million ($110 million) loan from the German government owned KfW Development Bank and a French government investment of €220 million would provide Lilium with the…
Systems power-on paves the way for Lilium Jet’s ground testing campaign Munich, October 1, 2024 – Lilium N.V. (NASDAQ: LILM), a leader in electric aircraft manufacturing and a pioneer in Regional Air Mobility (RAM), has successfully completed the systems power-on milestone for its all-electric Lilium Jet. The first in-production aircraft, MSN 1, has undergone the…
Thanks to the incredible work between Lilium, EMCJET, and Galaxy FBO the great state of Texas will have Lilium jet connections between the cities of the Texas triangle. Houston (the energy capital), Dallas/Fort Worth (financial center with a Federal Reserve branch) and San Antonio (a major historical and tourist destination) will be fortunate to have…
A Sound Approach Without a doubt, it can be quite a nuisance to take time off from a hectic work schedule and spend time vacationing in the French Riviera, only to be confronted with obnoxious helicopters flying overhead. The authorities in the Côte d’Azur have been seeking solutions to mitigate this problem for the 11…
XTI had plans beginning in 2017 to create a propulsion system making use of a turbogenerator with battery-powered electric motors. As of 2024 this plan has been put on hold as the the hybrid-electric technology isn’t considered by XTI to be ready for the TriFan 600. “The numbers didn’t add up,”… “So we’ve said, ‘Let’s…
Flying Whales Quebec, a subsidiary of Flying Whales has selected Honeywell’s 1 megawatt generator for its LCA60T hybrid electric airship. The 1 megawatt generator will be used to power the onboard electric engines, from jet fuel and sustainable aviation fuel (SAF). This hybrid-electric system provides both an energy efficient and environmentally conscious means of transportation….
H2FLY, based in German city of Stuttgart has successfully completed testing of its hydrogen tank during on-ground filling of liquid hydrogen, which has been dubbed by the company a “world’s first”. This newly developed tank was built and designed for the H2FLY’s HY4 aircraft by the French firm Air Liquide based on F2FLY’s requirements. As…
Chicago’s Air Travel Hub United Airlines and Archer have announced plans for commercial eVTOL air taxi between O’Hare airport and Vertiport Chicago. Given Chicago has O’Hare International Airport (ORD) as a major air travel hub, and Vertiport Chicago (which is the largest heliport in the North America), as well as being the location of United’s…
Sikorsky President Paul Lemmo and President/ CEO of GE Aerospace’s Defense & Systems Amy Gower, shaking hands during the public announcement of the Long-Range Hybrid-Electric VTOL Demonstrator. Photo Courtesy of Lockheed Martin Lockheed Martin‘s subsidiary Sikorsky made public its plans to produce a Hybrid-Electric VTOL aircraft prototype called a Hybrid-Electric Demonstrator (HEX), which will be…
Bell Textron made a press release regarding their new collaboration with Pratt & Whitney on High-Speed Vertical Takeoff and Landing (HSVTOL) technology. The leadership of both Bell Textron and Pratt & Whitney each gave their own take on takeoff and landing tech. “HSVTOL propulsion technology is one of the key technical areas to develop for future…
Donald Trump sitting in the Oval Office during his presidency. Source: Official Website of Donald J. Trump At the 2023 CPAC, Donald Trump publicly announced his plans for America’s “revolution” in personal flying vehicles, known as Vertical Takeoff and Landing (VTOL) aircraft: “Dozens of major companies in the United States and China are racing to…
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