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
Toyota to invest further $500m in Joby news Yves Le Marquand 2 Oct 24 0 Toyota will invest an additional $500m in Joby, bringing total investment from the auto giant to $894m. The investment will be made in the form… Read more
Pyka Series B raises $40m news Yves Le Marquand 25 Sep 24 0 Pyka has raised $40m in Series B funding to continue growth of its dual-use product line for commercial and defence markets. The round was led by… Read more
Scottish National Investment Bank invests £20m in ZeroAvia news Yves Le Marquand 16 Sep 24 0 ZeroAvia has received an extra £20m ($26m) from Scottish National Investment Bank to bring its Series C financing to a total of £114m ($150m). This is… Read more
VerdeGo Aero’s A-1 investment round beats $4m target news Yves Le Marquand 9 Sep 24 0 VerdeGo Aero has closed its A-1 investment round, exceeding the target of $4m it set for continued development of its hybrid-electric propulsion technologies. The new… Read more
Seattle startup bets rapid iteration is key to clean sheet aircraft design Deep Dive Yves Le Marquand 5 Sep 24 0 Outbound Aerospace, a Seattle-based startup, is leveraging advances in 3D printing technology to accelerate development of its aircraft programme. Partly emerged from stealth mode and… 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
PAL-V to build assembly facility at Breda International Airport news Yves Le Marquand 3 Sep 24 0 PAL-V has signed a letter of intent with Forum Group, the owner of Breda International Airport, to construct an assembly and delivery centre at the… Read more
Heart, JetZero and others awarded FAA FAST grants news Yves Le Marquand 16 Aug 24 0 The FAA has awarded Fueling Aviation’s Sustainable Transition (FAST) grants to a number of companies including Heart Aerospace, JetZero and Wright Electric. The FAA announced… Read more
Alaska Airlines makes bet on JetZero blended wing technology news Yves Le Marquand 14 Aug 24 0 Alaska Airlines has invested in JetZero’s blended-wing body (BWB) aircraft including options for future aircraft orders. Alaska invested as part of JetZero’s Series A last… Read more
H3X raises $20m from oversubscribed Series A news Yves Le Marquand 7 Aug 24 0 H3X has closed a $20 million Series A funding round led by deep tech investment firm Infinite Capital. The oversubscribed funding round also saw participation… Read more
‘It takes time to normalise, then all of a sudden it is hard to remember life without it.’ Deep Dive Yves Le Marquand 1 Aug 24 0 Crisalion Mobility’s Manuel Heredia on the firm’s vision for the eVTOL industry and the red flags it faces on its journey to commercialisation. In the… Read more
AAMbulance: ERC’s plans for medical eVTOLs Deep Dive Yves Le Marquand 31 Jul 24 0 In aircraft engineer circles the ‘What came first, the chicken or the egg?’ conundrum is more commonly referred to as ‘What came first, the aircraft or the… Read more