How will Vertaxi’s flying taxi impact regional transportation in densely populated areas? Chinese eVTOL company VERTAXI has raised $29 million in a new financing round, bringing its total funding to over $57 million. The funds will support research and development, testing, and certification of The Matrix 1 (M1), a five-passenger flying taxi with a range of 150 miles. After debuting in Shanghai, the M1 aims to transform commutes, potentially reducing a three-hour drive to just 30 minutes. Led by Zhongshan Venture Capital, the funding round includes investments from Shanghai Jinshan District, Binfu Capital, and others. Vertaxi plans to expand its operations in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, with Longhao Aviation Industry Investment Co. expressing interest in purchasing 15 M1 units for freight logistics. What role do you think eVTOL technology will play in China’s urban transportation? Read the full article on our blog for more insights: https://lnkd.in/g9URcmCx #Vertaxi #eVTOL #TheMatrix1 #AviationInnovation #ZhongshanVentureCapital #UrbanAirMobility #ChinaAviation #AerospaceTechnology #AvfoilNews #SustainableTransport #FlyingTaxi #AirMobility #GreaterBayArea #ElectricAviation #RegionalTransport
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Natilus and MONTE to facilitate blended-wing-body aircraft leasing On April 11, 2024, Californian startup Natilus and UK-based lessor MONTE Aircraft Leasing announced that they have entered into a partnership to provide financing options to potential customers of the currently under-development Kona aircraft. The Kona is a blended-wing-body cargo aircraft. Thanks to its clean-sheet design, once it becomes operational it will provide owners with double the payload capacity of traditional aircraft of a comparable size. Its unusual shape is not the only innovative aspect of the Kona, however. Natilus is developing this aircraft with the idea that it will become possible to operate remotely at a future date, and that it will also be able to accommodate novel sustainable propulsion technologies such as hydrogen fuel cells. Read more at: https://lnkd.in/d-6HZWTe #AviationTalk #aviationnews #avgeek #aviation
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In a remarkable twist, Lilium, the German electric air taxi pioneer, has clinched a vital rescue deal with North American and European investors, igniting hope in the struggling eVTOL sector. This agreement not only rescues Lilium from recent insolvency but also secures jobs for its skilled workforce. Yet, the challenges facing the eVTOL industry remain daunting. From financial strains and regulatory hurdles to the urgent need for advanced technology and infrastructure, Lilium's journey reflects broader sector vulnerabilities. As competitors like Joby and Archer accelerate their progress, Lilium’s revival could influence investor confidence and shape the future of urban air mobility. The potential for consolidation and shifts in investment focus are on the horizon. This moment serves as a critical reminder: innovation needs economic resilience to thrive. The eVTOL industry must learn and adapt if it hopes to establish itself as a viable alternative in urban transportation.
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Lilium, a leading eVTOL developer, is making significant strides towards expanding its production capacity with potential subsidies and loan guarantees from the French government, valued at up to €400m. Facing challenges in securing similar support in Germany, Lilium has turned to France, leveraging its well-established aerospace industry, electric mobility expertise, and supportive governmental policies. Discussions at the Les CCE _ Choose France Summit reveal Lilium's interest in establishing production facilities in France, with potential sites under evaluation in Région Nouvelle-Aquitaine. This move aligns with Lilium's strategic vision for scaling up production to meet the growing demand for its innovative Lilium Jet, set for commercial service in 2026. The collaboration could create up to 850 new direct jobs, highlighting the economic benefits and technological advancements driven by partnerships between industry leaders and forward-thinking governments. For more insights into Lilium's expansion plans and industry partnerships, read our full article on our blog. #AvfoilNews #Lilium #eVTOL #FutureofMobility #AerospaceIndustry #GovernmentSupport #ExpansionPlans #ChooseFranceSummit
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German startup airline EVIA AERO GmbH has signed a letter of intent with Britten-Norman to purchase 15 Britten-Norman Islander aircraft. According to Evia, the aircraft acquired from Britten-Norman will commence delivery at the beginning of 2027. These aircraft will then be converted to zero-emissions platforms powered by hydrogen fuel-cell propulsion systems. Florian Kruse, CEO at Evia Aero said:?“We are fully committed to the Britten-Norman Islander. The aircraft fulfils all the skills we need as an operator for short-haul flights. It is important to us to use a product that is already in use worldwide and has proven itself.” Read full: https://lnkd.in/eiDPkNMq
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Lilium is one of the top #electricaircraft companies we’ve been keeping an eye on for the past several years. It’s always seemed to have a pretty?sensible, practical, efficient approach?to getting electric vertical takeoff and landing (#eVTOL) vehicles to the next level. Just one week ago we got news that Lilium had?received an order for 20 of its electric jetsfrom #US operator UrbanLink. Now, we’ve got news that the company is looking to expand into “high-volume” production facilities in #France. Is this really happening? Is Lilium really on the verge of busting into the big time? “Lilium is keen to leverage France’s unique aerospace heritage and vast supplier base in #aerospace and #electrification to expand its high-volume production capacity of the Lilium Jet,” the company writes. Limited production of its electric jet began last year at its headquarters near #Munich, #Germany. Naturally, they are looking to get government subsidies and loan guarantees for the expansion plans. In fact, those are expected to be agreed in the next few weeks. Impressively, Lilium is forecasting that this could create 850 new direct jobs in France, and given that these jets would largely be exported, they’d contribute to France exports and the French economy. “This follows a French government announcement of the talks at the Choose France Summit in Versailles on May 13,” Lilium adds. “Lilium is currently evaluating several possible sites in France, including in the aerospace and battery production hotbeds of Nouvelle Aquitaine, to expand its industrial footprint, with discussions expected to reach conclusion in the coming weeks. Among the many reasons to choose France, Lilium is attracted by France’s well-established aerospace industry, expertise in electric mobility, highly skilled workforce, and supportive government environment. With an estimated total future investment of up to €400 million over several years, Lilium would have the potential to create up to 850 new direct jobs with this expansion of its industrial footprint.” Lilium is now 9 years old, and something new I learned today is that it is “the only manufacturer worldwide with a certification basis for eVTOL aircraft in both Europe and the United States.” Lilium has built up quite an order log, with more than 780 Lilium Jets reportedly on the order books to date, “including binding orders and MoU agreements from operators in the #UnitedStates, #SouthAmerica, #Europe, #Asia, and the #MiddleEast.” Will Lilium be the big first company out of the gates in the eVTOL space? Will it become a major mass manufacturer of electric jets? We have to wait to see, but there are a lot of positive signs at the moment.
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Shengfeng Development Limited, a contract logistics company in China, announced the formation of a joint venture between Shengfeng Logistics Group and Fujian Fulai Aviation Technology Co., Ltd. The new entity, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., will combine Shengfeng's logistics expertise with Fulai Aviation's drone technology to deliver drone-based logistics solutions for China's low-altitude logistics sector. The joint venture aims to offer specialized logistics solutions, including pharmaceuticals and cold-chain logistics, with flexible delivery schedules and customizable packaging tailored to industry-specific needs. Read more: https://lnkd.in/gJHSTkEe
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?? Funding for Aviation related to the climate crisis ? We are looking for international startups companies from the aviation sector in ideation?or?R&D stage?that wish to establish a location in Austria (DACH region )??have the unique opportunity to take advantage of generous public?funding of up to 85% of 2 million EUR?. The funding is for R&D with the aim to employ 75% Austrian employees Only after funding has been approved is it necessary to set up a company in Austria asa subsidiary GmbH The funded project will address innovative topics related to the?climate crisis. Innovations with primary application potential in civil aviation will be funded in the following subject areas, with topics with a positive impact on the climate crisis being particularly worthy of funding. T???Aircraft T???Drives (including SAF and hydrogen) T???Aircraft structures and components T???Cabin equipment and facilities T???Materials and manufacturing technologies T???Cockpit equipment and aircraft electronics T???Basic systems T???Air traffic infrastructure and air traffic control T???Airport infrastructure T???Ground testing, inspection and training equipment We have limited time for submitting the application on the last day fore your application 15/2/2025 If you are interested in this project, we look forward to hearing from you. Please drop an email to?[email protected] #Innovation #Luftfahrt #Startup #Forschung #Klimakrise #Nachhaltigkeit #Investition #Drones
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?? Funding for Aviation related to the climate crisis ?? We are looking for international startups companies from the aviation sector in ideation?or?R&D stage?that wish to establish a location in Austria (DACH region )??have the unique opportunity to take advantage of generous public?funding of up to 85% of 2 million EUR?. The funding is for R&D with the aim to employ 75% Austrian employees Only after funding has been approved is it necessary to set up a company in Austria asa subsidiary GmbH The funded project will address innovative topics related to the?climate crisis. Innovations with primary application potential in civil aviation will be funded in the following subject areas, with topics with a positive impact on the climate crisis being particularly worthy of funding. T???Aircraft T???Drives (including SAF and hydrogen) T???Aircraft structures and components T???Cabin equipment and facilities T???Materials and manufacturing technologies T???Cockpit equipment and aircraft electronics T???Basic systems T???Air traffic infrastructure and air traffic control T???Airport infrastructure T???Ground testing, inspection and training equipment We have limited time for submitting the application on the last day fore your application 15/2/2025 If you are interested in this project, we look forward to hearing from you. Please drop an email to?[email protected] #Innovation #Luftfahrt #Startup #Forschung #Klimakrise #Nachhaltigkeit #Investition
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Uncrewed cargo aircraft startup Elroy Air has appointed a new CEO and completed a funding round to support development and testing of its Chaparral hybrid-electric vertical-takeoff-and-landing (eVTOL) aircraft. https://bit.ly/42jMBK8
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India is taking gradual steps toward UAM implementation, with growing government support and increasing interest from startups and global aviation companies. The potential for UAM to transform urban transportation aligns well with India’s smart city initiatives and commitment to sustainable development. However, addressing infrastructure, regulation, and public awareness challenges will be critical for success. Sarla Aviation kudos to the team #Shunya #aviation #UAM #Transportation #smartcity #startup #innovation
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Thank you for the mention! We are excited about our progress in developing cutting-edge eVTOL technology and appreciate everyone's attention. Together, we're driving innovation in urban air mobility and shaping the future of the low-altitude economy. Looking forward to reaching new heights in the mobility industry. Please follow us for more updates! #Vertaxi #eVTOL #Innovation #UrbanAirMobility