FinExic Concordia Group injects $55m into XTI

news

Fayaz Hussain

3 Jul 24

0

XTI Aerospace announced that it is set to receive a potential investment of up to $55m from FinExic Concordia Group (FCG), a private global investment…

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The Revolution.Aero London report

Deep Dive

Yves Le Marquand

28 Jun 24

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June is statistically the sunniest month in the UK and last week it did not let us down for Revolution.Aero London 2024. But in many…

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Lilium CEO expects state loan guarantees in matter of weeks

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Yves Le Marquand

14 Jun 24

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Lilium expects to receive guarantees from the Federal Government and the State of Bavaria as security for a loan from the German state bank KfW…

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EHang reports 164% jump in first quarter revenue

news

Fayaz Hussain

28 May 24

0

Chinese urban air mobility technology platform EHang reported 164% year-over-year increase in total revenue to $8.5m compared to $3.2m in the same period last year.…

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Vertical Aerospace narrows losses to £20m in 1Q

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Fayaz Hussain

28 May 24

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Electric vertical takeoff and landing (eVTOL) aircraft developer Vertical Aerospace reported a net operating loss of £20m for the first quarter of 2024 compared to…

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Lilium launches public offering to bridge liquidity gap

news

Yves Le Marquand

24 May 24

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Lilium has announced plans to raise capital through a public offering of its Class A shares and warrants, alongside a private placement. “We currently intend…

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Archer posts $116.5m loss in first quarter; maintains liquidity

news

Fayaz Hussain

10 May 24

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Archer Aviation announced first quarter shareholder report declaring a loss of $116.5m in the quarter while sharing progress on the development of its electric vertical…

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Joby posts $94.6m loss in first quarter

news

Fayaz Hussain

8 May 24

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Joby Aviation reported a smaller net loss of $94.6m in the first quarter of 2024 compared to $113.4m in the same period last year, according…

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Lilium names Johan Malmqvist as chief financial officer

news

Yves Le Marquand

25 Mar 24

0

German eVTOL developer Lilium has appointed Johan Malmqvist as chief financial officer (CFO). Malmqvist  has more than 25 years’ experience in CFO roles across a…

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Stellantis buys additional 8.3m shares in Archer Aviation

news

Fayaz Hussain

21 Mar 24

0

Automaker Stellantis announced that it has purchased an additional 8.3m shares of Archer Aviation via open market. “Archer has established itself as a market leader…

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Medical business shines as Blade reports Q4 2023 results

news

Yves Le Marquand

12 Mar 24

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Blade’s organ transport service continues to expand as revenue increased 47.9% to $32m in the fourth quarter (Q4) of 2023. Driven partly by the addition…

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Lilium tightens belt, beats budget in 2023

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Fayaz Hussain

29 Feb 24

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Lilium reported strong financial performance in 2023, exceeding expectations in terms of cash burn and liquidity. “2023 was a pivotal year for Lilium,” said CEO…

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Archer ends 2023 with clear path to certification

news

Yves Le Marquand

27 Feb 24

0

Archer’s fourth quarter (Q4) 2023 results further affirm its pathway to certification, scaling and commercialisation. The eVTOL developer, with liquidity of $625m, is in the…

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Joby Aviation ends 2023 with first revenue, strong balance sheet

news

Fayaz Hussain

23 Feb 24

0

Joby closed out 2023 with a landmark achievement, reporting its first-ever revenue of $1m generated from government-directed flight operations in California with its prototype aircraft.…

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Why is Vertical’s CEO investing $50m?

Deep Dive

Yves Le Marquand

31 Jan 24

0

Stephen Fitzpatrick, the founder and CEO of Vertical Aerospace made headlines with a $50m bet on recent flight test progress. But why did he invest?…

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