Aero Challenge Group is to invest “a double-digit million Euro sum” in development of the aircraft designed to carry 1,000 kg of payload or eight passengers.
Startup Transcend Air has redesigned its turbine-powered tiltwing VTOL aircraft and is working to raise the funds required to build a proof-of-concept vehicle.
Nikhil Goel helped establish the vision of urban air mobility (UAM) that has since captured the imaginations of entrepreneurs and investors around the world.