Vertical Aerospace announces $50m funding from Mudrick Capital

news

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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Electron launches ‘10,000 Faces of Change’ campaign

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Yves Le Marquand

25 Nov 24

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Dutch electric aircraft startup Electron has launched a campaign inviting industry stakeholders to support its aircraft programme.  The 10,000 Faces of Change campaign pays homage…

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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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Hitting the supercycle, today is an investor’s market

Deep Dive

Yves Le Marquand

31 Oct 24

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If you’re a new company and you’re not in AI or defence tech, chances are it has been tougher to find investors willing to deploy…

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Eve Air Mobility secures $50m loan from Citi

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Fayaz Hussain

30 Oct 24

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Eve Air Mobility announced it has secured a $50m loan from Citibank to further its aircraft research and development programme. This additional funding, coupled with…

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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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Toyota to invest further $500m in Joby

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Yves Le Marquand

2 Oct 24

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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…

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Pyka Series B raises $40m

news

Yves Le Marquand

25 Sep 24

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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…

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Scottish National Investment Bank invests £20m in ZeroAvia

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Yves Le Marquand

16 Sep 24

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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…

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VerdeGo Aero’s A-1 investment round beats $4m target

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Yves Le Marquand

9 Sep 24

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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…

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Seattle startup bets rapid iteration is key to clean sheet aircraft design

Deep Dive

Yves Le Marquand

5 Sep 24

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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…

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SkyDrive increases Series C funding to $55m

news

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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