Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility (earlier post), completed an internal funding round worth more than $240 million. The round was led by Tencent, with participation from other existing investors including Atomico, Freigeist and LGT. The all-electric Lilium Jet... Read more →


Airspace Experience Technologies (ASX), an aviation technology start-up, and Spirit AeroSystems, a global aircraft design and manufacturing company, have signed a memorandum of understanding and a definitive agreement to cooperate on creation of affordable, certified all-electric, vertical take-off and landing (eVTOL) aircraft. The program aims to converge automotive mass production... Read more →


TDK Corporation subsidiary TDK Ventures Inc. has invested in AutoFlightX, an electric vertical take-off and landing (eVTOL) air mobility company. AutoFlightX is an eVTOL air-cargo and air-taxi company headquartered in Munich, with R&D centers in Shanghai and Shenzhen, China. AutoFlightX is the fourth investment by the TDK corporate venture capital... Read more →


Toyota is collaborating with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market to... Read more →


Hyundai Motor Company unveiled at CES 2020 its vision for urban mobility to help vitalize human-centered future cities. To realize the vision, Hyundai Motor showcased three mobility solutions, comprising Urban Air Mobility (UAM); Purpose Built Vehicle (PBV), and Hub, a place for mobility transfer and community activities. Based on these... Read more →


Uber and Hyundai Motor Company announced a new partnership to develop Uber Air Taxis for a future aerial ride share network and unveiled a new full-scale aircraft concept at the Consumer Electronics Show (CES). Hyundai is the first automotive company to join the Uber Elevate initiative, bringing automotive-scale manufacturing capability... Read more →


BAE Systems is collaborating with Jaunt Air Mobility to explore the development of electric energy management systems for urban air mobility (UAM) vehicles through a memorandum of understanding (MOU). UAM is an aviation industry term for on-demand and automated passenger or cargo-carrying air transportation services, typically flown without a pilot.... Read more →


INRIX study identifies routes with greatest potential for e-VTOL services

A new study by INRIX has identified the routes with greatest potential where Electric Vertical Takeoff and Landing (e-VTOL) services could instantly provide fast, reliable trips to broad geographic areas. While the e-VTOL market is still in its infancy, the potential is massive over the long run to reshape commuting... Read more →