In order to stay true to the founders’ mission of bringing to market an eco-friendly hybrid-electric Cavorite X7 eVTOL without compromising on safety and performance (speed, range, and payload), Horizon Aircraft (NASDAQ: HOVR) has obtained $17M in cash and recruited top experts in the field as new talent. This will allow Horizon Aircraft to keep…
Capital Infusion: Fueling Flight Forward Eve Air Mobility (NYSE:EVEX) has executed a substantial $230 million equity capital raise through a registered direct offering, selling 47,422,680 shares at $4.85 each. The investors include BNDESPAR (a Brazilian Development Bank subsidiary), Embraer, and other institutional backers, right in line with Eve’s strategy of deepening financial roots in both hemispheres. The offering is set to close…
Anduril Industries UK announced on May 19th 2025 that it will lead a team of industry heavyweights including Archer Aviation (NYSE: ACHR), UK-based Skyports Drone Services, and Canadian-based AtkinsRéalis to develop dual use civil and military air transport for the UK using Archer Aviation’s Midnight eVTOL aircraft. Cargo, beyond visual line of sight (BVLOS) operations,…
Archer Aviation (NYSE: ACHR) has been designated as the Official Air Taxi Provider for the LA28 Olympic and Paralympic Games and Team USA. As the official air taxi, Archer will be transporting athletes, dignitaries, other VIPs and stakeholders, as well as lucky fans across the key venues, back and forth from the vertiport hubs. Archer will…
Within the next few days Marian Boček will provide the portion necessary out of a total 150 million euros to keep the lights on at Lilium (OTCMKTS: LILMF) which needs around 10 million euros for salaries and rental costs each month. This is in addition to the tens of millions of euros owed to suppliers…
The Christmas Lights will turn on bright at Lilium after Munich-based MUC Mobile Uplift Corporation GmbH agreed to purchase the operating assets of the subsidiaries Lilium GmbH and Lilium eAircraft GmbH. In this asset purchase agreement which is planned to close in early January 2025, the subsidiaries will have the financial resources to continue their…
While Lilium is working hard to find different ways to save the company, there are many cards up its sleeve. Thanks to the self-managed insolvency, the millions in euros that would be required to pay for Lilium’s more than 1,000 employees is absorbed by the Federal Employment agency. Not only does this provide some financial…
Lilium has publicly announced that during its mergers and acquisition process (M&A) it will retain the services of the UK headquartered “Big Four” multi-service firm KPMG. The Local Court of Weilheim granted Lilium’s request for self-administered insolvency. Two court-appointed lawyers will join the subsidiaries Boards of Management as Chief Insolvency Officers (CIOs): Prof. Dr. Gerrit…
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…
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…
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…
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…
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