Archer expects to deliver first revenue generating aircraft this year

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Yves Le Marquand

28 Feb 25

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Archer Aviation said its expects to deliver its first revenue generating eVTOL aircraft later this year to helicopter operator Abu Dhabi Aviation.  The eVTOL aircraft…

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Joby forecasts $500m-plus spend in 2025

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Yves Le Marquand

27 Feb 25

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Joby Aviation is set to spend equivalent to Toyota’s incoming $500m investment as it forecasts 2025 outgoings as high as $540m, highlighting the costs of…

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Lilium Aerospace files for insolvency, ceases operations

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Yves Le Marquand

21 Feb 25

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Lilium Aerospace, the new face of Lilium after it entered insolvency proceedings in December last year, has now filed for insolvency after new funding options…

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Archer raises $300m to further defence venture

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Yves Le Marquand

11 Feb 25

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Archer has raised $301.75m to continue development of its hybrid aircraft platform designed initially for the defence market.  This raise, lead by investors including BlackRock,…

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Analysis: Vertical share issuance is best short-term raising option

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Yves Le Marquand

27 Jan 25

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Vertical Aerospace’s share issuance is another one to add to the trend of raising follow-on capital we’ve seen from some of the publicly traded eVTOL…

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Vertical prices $90m public offering at $6 per unit

news

Fayaz Hussain

23 Jan 25

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Vertical Aerospace has announced the pricing of its underwritten public offering of $90m through a sophisticated structure which combines ordinary shares and warrants – linked…

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Volocopter files for insolvency as search for investment continues

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Yves Le Marquand

2 Jan 25

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Volocopter has started insolvency proceedings as it continues to look for further investment to fund its eVTOL programme.  The German eVTOL developer announced on Monday…

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Archer raises $430m following new Anduril partnership

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Yves Le Marquand

12 Dec 24

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Anduril and Archer are to jointly develop a hybrid-VTOL aircraft for defence use cases, leading the eVTOL developer to raise a further $430m to support…

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Eve secures additional $35m from BNDES

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Fayaz Hussain

2 Dec 24

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Eve Air Mobility announced it has secured an additional $35m from the Brazil’s National Development Bank (BNDES) to support its eVTOL development. The company secured…

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Vertical Aerospace announces $50m funding from Mudrick Capital

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Yves Le Marquand

25 Nov 24

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Vertical Aerospace has announced $50m in new funding as part of a transaction worth $180m with Mudrick Capital. The signing of a non-binding term sheet…

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EHang authorises $30m share repurchase

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Fayaz Hussain

22 Nov 24

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The board of EHang Holdings has approved a $30m share repurchase programme of its American Depositary Shares (ADS) or ordinary shares over the next 12…

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EHang reports 348% YoY jump in Q3 revenue, delivers 63 units

news

Fayaz Hussain

20 Nov 24

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EHang announced financial results for the third quarter (Q3) with total revenue of RMB128.1m ($18.3m). That figure is up 348% year-over-year from the same period…

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Volocopter appoints ex-Lilium CFO as certification slips to 2025

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Yves Le Marquand

19 Nov 24

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Volocopter has appointed Oliver Vogelgesang as its chief financial officer as the firm repositions its certification expectations to next year. Effective immediately, Vogelgesang (pictured right)…

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Archer’s expenses soar in Q3 amid manufacturing ramp-up

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Fayaz Hussain

8 Nov 24

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Archer reported widening losses in the third quarter of 2024, as the eVTOL manufacturer continues its push toward commercialisation. The company’s net loss expanded to…

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Joby reports $143.3m loss in Q3 2024, strengthens liquidity

news

Fayaz Hussain

7 Nov 24

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Joby reported a net loss of $143.3m in the third quarter of 2024 compared with a profit of $1.5m in the prior year period. The…

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