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

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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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BETA Technologies Series C raises $318m

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Yves Le Marquand

1 Nov 24

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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…

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Joby Aviation prices public offering at $202m

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Fayaz Hussain

25 Oct 24

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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.…

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Lilium will not receive German federal loan guarantee

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Yves Le Marquand

17 Oct 24

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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…

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

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Yves Le Marquand

15 Oct 24

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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…

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

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Yves Le Marquand

14 Oct 24

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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…

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

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Fayaz Hussain

20 Sep 24

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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…

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Eve appoints Megha Bathia as CCO

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Yves Le Marquand

17 Sep 24

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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…

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SkyDrive increases Series C funding to $55m

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Yves Le Marquand

3 Sep 24

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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…

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EHang posts $9.9m loss in 2Q

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Fayaz Hussain

22 Aug 24

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Chinese urban air mobility technology platform EHang announced financial results for the second quarter of 2024 reporting a 6% year-over-year decline in net loss to…

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XTI Aerospace accelerates development of TriFan 600

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Fayaz Hussain

16 Aug 24

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 XTI Aerospace announced significant progress in the development of its fixed-wing, vertical lift crossover TriFan 600 aircraft. “We continue to advance the development of the…

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Archer narrows losses to $106.9m

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Fayaz Hussain

9 Aug 24

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Archer Aviation has issued its share holder letter reporting second quarter loss of $106.9m, down from $116.5m in the first quarter of 2024. “This has…

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Joby posts $123m loss in second quarter

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Fayaz Hussain

8 Aug 24

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Joby Aviation reported a loss of $123m for the second quarter of 2024 owing to higher research and development expenses and lower revaluation of securities. …

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Eve Air raises another $94m funding from shareholders

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Fayaz Hussain

4 Jul 24

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Ever Air Mobility announced fresh equity financing of $94m from shareholders including Embraer, Nidex and additional financiers to support the development and manufacturing of the…

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Stellantis invests $55m In Archer

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Fayaz Hussain

3 Jul 24

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Automaker Stellantis invests $55m in Archer, electric vertical takeoff and landing (eVTOL) aircraft developer, following the latter’s successful transition flight last month. “Few things rival…

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