Revolution.Aero’s Five on Friday: HT Aero, UP.Partners and Reliable Robotics
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Welcome to this week’s selection of five top stories from the world of advanced air mobility. We include news from HT Aero, UP.Partners and Reliable Robotics.
Industry News
Flying car company HT Aero raises over $500m
HT Aero, the flying car company backed by Chinese electric vehicle company Xpeng, has raised more than $500m. It will aim to roll out a new model that has the ability to operate in the air and on roads by 2024.
UP.Partners launches new venture fund
UP.Partners, led by Cyrus Sigari, Ben Marcus and Adam Grosser, has closed a $230m early stage venture capital fund aimed to enable technologies for sustainable mobility.
Reliable Robotics lifts $100m to bring autonomous cargo
California-based Reliable Robotics announced its $100m Series C funding led by Coatue Management. It will deliver an autonomous solution for cargo operations.
Japan Airlines to acquire up to 100 Vertical Aerospace eVTOLs
Japan Airlines intends to lease or purchase up to 50 of Vertical Aerospace’s VA-X4 air taxis from aircraft lessor Avolon. It holds the option to lease another 50 units.
Israeli startup unveils electric flying car for consumer travel
AIR says its AIR ONE aircraft, an all-electric two-seater eVTOL, will fly 110 miles on a single charge at speeds of up to 155 miles per hour, with a flight time of one hour.
