EHang Holdings Limited today announced the preliminary revenues for the fourth quarter and fiscal year ended December 31, 2024. Total revenues for the fourth quarter 2024 are expected to reach RMB162 million, representing an increase […]
China Daily reports China’s top economic planner has established a department to support the development of the burgeoning low-altitude economy. “The new department, under the National Development and Reform Commission (NDRC), is responsible for formulating […]
Volocopter GmbH reports it has filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court on 26 December 2024. The Karlsruhe Local Court began the provisional insolvency administration the following day […]
EHang has signed a project cooperation agreement with the Management Committee of the Torch High-Tech Industrial Development Zone of Weihai City in Shandong Province, China, “to establish comprehensive industry collaboration on pilotless eVTOLs in the […]
EHang has announced a strategic partnership with China Communications Information & Technology Group (CCIT) in the fields of the low-altitude economy and advanced air mobility ecosystem. “In response to the big data services for unmanned […]
EHang has announced a strategic partnership with the People’s Government of Fangshan District, Beijing. “Together, the two parties aim to advance the low-altitude emergency rescue sector by establishing EHang’s national headquarters for low-altitude emergency rescue […]
Lilium has announced today the signing of an asset purchase agreement with Mobile Uplift Corporation GmbH, a company set up by a consortium of investors from Europe and North America. Mobile Uplift Corporation GmbH intends […]
German news source Gründerszene reports that Lilium “has not yet been able to close a deal with an investor and has laid off almost all of its employees on Friday afternoon. According to information from […]
Vertical Aerospace Ltd reports it has entered into definitive documents and received shareholder approval for a transaction that includes up to USD50 million in new committed funding. “Today’s announcement marks the significant advancement of the […]
Horizon Aircraft has announced it has received an investment from a strategic investor and aerospace supporter, for aggregate proceeds of CAD8.4 million. “The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the […]
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