US Navy expands contract with PteroDynamics

news

Yves Le Marquand

21 Feb 25

0

The US Naval Air Warfare Center Aircraft Division (NAWCAD) has deepened its relationship with PteroDynamics through a fresh contract expansion worth $4.65m.  PteroDynamics, a developer…

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Eve secures additional $35m from BNDES

news

Fayaz Hussain

2 Dec 24

0

Eve Air Mobility announced it has secured an additional $35m from the Brazil’s National Development Bank (BNDES) to support its eVTOL development. The company secured…

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Hydroplane wins US Army funding for H2 fuel cell for vertical lift applications

news

Yves Le Marquand

8 Nov 24

0

Hydroplane has won small business innovation research (SBIR) funding from the US Army to continue development of a hydrogen fuel cell powerplant for vertical lift…

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BETA selected among four projects to receive Michigan State grant

news

Yves Le Marquand

18 Jul 24

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The State of Michigan has selected BETA as one of four recipients of $6m-plus in grant funding allocated for projects to help scale AAM infrastructure…

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Stellantis invests $55m In Archer

news

Fayaz Hussain

3 Jul 24

0

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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Lilium CEO expects state loan guarantees in matter of weeks

news

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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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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Hydroplane wins US Army xTechSearch 8 competition

news

Yves Le Marquand

23 May 24

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Hydroplane has won a US Army competition for its whitepaper and presentation to develop a hydrogen fuel cell powerplant for electric aircraft propulsion and auxiliary…

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Lilium expects state guarantees in Germany against loan worth €100m-plus

news

Yves Le Marquand

15 May 24

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The positive answer Lilium was looking for from Germany appears to have been realised as the federal government and State of Bavaria commission state development…

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Lilium shifting focus to France as it seeks capital for production ramp up

news

Yves Le Marquand

13 May 24

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Lilium is in advanced talks with the French government on potential subsidies and loan guarantees worth up to €400m as it seeks to expand production…

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Why Wisk is not alarmed by troubles at Boeing

Deep Dive

Yves Le Marquand

8 May 24

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The history of regime change at Boeing sets a precedent for tough times ahead for any non-core business – especially funding wise.  Recent examples range…

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Stuart Simpson takes over as Vertical Aerospace CEO

news

Yves Le Marquand

1 May 24

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As departing CEO and company founder Stephen Fitzpatrick transitions to the board, Vertical’s chief financial officer Stuart Simpson is taking over the top spot at…

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Volocopter capital needs intensify following loan option stall

news

Yves Le Marquand

29 Apr 24

0

Volocopter’s CEO, Dirk Hoke has said the company could be forced to look at insolvency options “in the foreseeable future”, according to German newspaper Süddeutsche Zeitung. The…

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Mayman awarded $2m grant by US DoD for Speeder development

news

Yves Le Marquand

30 Oct 23

0

Mayman Aerospace has been awarded a $2m grant via an Other Transaction Authority from the US Department of Defense (DoD). The US-based air utility vehicle…

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Lilium raises $292m in new funding round

news

Yves Le Marquand

17 Jul 23

0

Lilium has exceeded its own expectations, raising $42m more than the $250m targeted in a funding round launched in May.  Late last week, the German…

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