The Rhode-Island-based startup also announced plans to build out a 600,000 ft.² production facility to fulfill an estimated $8 billion in customer orders.
Cranfield Aerospace Solutions has selected Evolito to supply electric motors and inverters for its Project Fresson hydrogen-electric aircraft demonstrator.
New Wisk CEO Brian Yutko is doubling down on his company’s bet that it can safely certify an autonomous, passenger-carrying electric air taxi this decade.
U.S. startup Merlin is to demo its automated flight control system in a Cessna Caravan flying cargo routes in Alaska under a $1 million contract from the FAA.
The financing comes as SkyDrive works to certify its aircraft in time to launch commercial air taxi service for the 2025 World Expo being hosted in Osaka.