Eve secures additional $35m from BNDES

news

Fayaz Hussain

2 Dec 24

0

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…

Read more

Vertical Aerospace announces $50m funding from Mudrick Capital

news

Yves Le Marquand

25 Nov 24

0

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…

Read more

EHang authorises $30m share repurchase

news

Fayaz Hussain

22 Nov 24

0

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…

Read more

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

news

Fayaz Hussain

20 Nov 24

0

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…

Read more

Volocopter appoints ex-Lilium CFO as certification slips to 2025

news

Yves Le Marquand

19 Nov 24

0

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)…

Read more

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

news

Fayaz Hussain

8 Nov 24

0

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…

Read more

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

news

Fayaz Hussain

7 Nov 24

0

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…

Read more

BETA Technologies Series C raises $318m

news

Yves Le Marquand

1 Nov 24

0

BETA has raised $318m from its Series C funding round led by the Qatar Investment Authority. The Vermont-based electric aircraft developer has now raised more…

Read more

Joby Aviation prices public offering at $202m

news

Fayaz Hussain

25 Oct 24

0

Electric air taxi developer Joby Aviation announced that it has successfully priced its public offering of 40m shares of common stock at $5.05 per share.…

Read more

Lilium will not receive German federal loan guarantee

news

Yves Le Marquand

17 Oct 24

0

UPDATED: Lilium will continue negotiations with Bavaria for a €50m loan after its application for a federal loan guarantee worth the same amount was denied…

Read more

Eve secures $88m loan from Brazil’s National Development Bank for production facility

news

Yves Le Marquand

15 Oct 24

0

Eve Air Mobility has secured an $88m loan for the construction of a production facility from Brazil’s National Development Bank (BNDES). The facility, to be…

Read more

Lilium CEO hits out at ‘misunderstandings’ over German state bank loans

news

Yves Le Marquand

14 Oct 24

0

Klaus Roewe, CEO and executive director of German eVTOL developer Lilium, has responded to what he calls “misunderstandings” regarding the firm’s loan from German development…

Read more

Vertical losses rise to $17.1m in first half of 2024

news

Fayaz Hussain

20 Sep 24

0

Vertical Aerospace announced financial results for the first half of 2024 wherein it reported a net loss of $17.1m, up 45% year-over-year from $11.7m in…

Read more

Eve appoints Megha Bathia as CCO

news

Yves Le Marquand

17 Sep 24

0

Eve Air Mobility has appointed Megha Bhatia as its new chief commercial officer (CCO).  Working out of the firm’s US headquarters in Melbourne, Florida, Bhatia…

Read more

SkyDrive increases Series C funding to $55m

news

Yves Le Marquand

3 Sep 24

0

SkyDrive has raised $55m (8bn Japanese yen) across its Series C after securing additional funding through a third-party allocation of new shares. The allocation to…

Read more