Florida-based Doroni Aerospace has announced it has secured a USD30 million strategic investment from Innovation Wings Industries (IWI), operating as Kingdom Aero Industries (KAI) in Saudi Arabia. This investment will accelerate the company’s H1-X’s eVTOL […]
Vertical Aerospace has announced the closing of its previously announced underwritten public offering for total gross proceeds of USD90 million, before deducting underwriting discounts and commissions and other offering expenses. The amount raised was increased […]
Global aviation finance company Avalon and Air New Zealand have agreed a memorandum of understanding to partner on research to support the commercialisation of electric aircraft, and other novel propulsion technologies including battery hybrid and […]
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 […]
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 […]
Nearly nine out of 10 (86%) fund managers say that their organisation will be investing in the Advanced Air Mobility sector over the next three years. This new research from PureProfile, commissioned by Horizon Aircraft, […]
Eve Air Mobility has announced today a USD35 million fund from Brazil’s National Development Bank (BNDES) for continued eVTOL development. This second-phase funding follows a USD92.5 million line of credit secured in 2022 for R&D […]
EHang Holdings has announced a strategic investment totalling over USD22 million.The investors are Zhuhai Enpower Electric, a Chinese leading new energy vehicle power systems provider, and a strategic institutional investor from the Middle East, says […]
Eve Air Mobility reported a net loss of USD35.8 million in 3Q24 versus USD31.2 million in 3Q23. “Net loss increased due to higher Research & Development (R&D) – these are costs and activities necessary to […]
International finance company River Capital Limited, has announced its strategic commitment to the eVTOL (electric Vertical Take-Off and Landing) market, “positioning itself as a key player in the evolution of urban air mobility,” says the […]
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