The primary story on funding in the advanced air mobility industry this month is on cash burn related to research and development, to include certification efforts.
Groupe ADP of France, Beta Technologies, UrbanV and Volatus Infrastructure join the AAM Infrastructure Index this month, bringing to nine the companies included in the index.
Eve Holding climbed from No. 15 to No. 4 in the AAM Reality Index this month, improving its score on the 10-point scale from 7.0 in June to 7.7 in August.
With the ambition of becoming a midtier aerospace and defense player, AIRO Holdings Group plans an initial public offering to fund its entry into the electric air mobility market.
As part of its Project Crimson research effort, the U.S. Army’s Telemedicine & Advanced Technology Research Center is looking for a drone to quickly deliver blood to wounded service members during times when medical evacuation is not possible.
As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
Joby Aviation has signed a revised certification basis for its tiltprop S4 after the FAA changed direction of certifying electric vertical takeoff and landing aircraft, and says it is still on track to launch air taxi operations in 2024.
Cranfield Aerospace Solutions has announced two new investors as it continues to work toward flying a hydrogen fuel cell-powered nine-seat demonstrator.
Retail giant Walmart is known for mass—massive product options, massive stores, massive appeal to consumers and massive power in the retail market place. Now, Walmart is leading the way with retail delivery of products by air, calling upon startup DroneUp to deliver the goods.
South Korean automaker Hyundai has revealed new details of its broad-based advanced air mobility development strategy after unveiling a full-scale cabin mockup of its electric vertical takeoff and landing air taxi concept and signing a propulsion collaboration deal with Rolls-Royce.
Blade Air Mobility, one of 10 publicly traded advanced air mobility companies, beat analyst expectations with its second quarter 2022 financial performance.
United Airlines has made a $10 million predelivery payment on 100 of the 200 electric air taxis it agreed to purchase from Archer Aviation in February 2021.
Global helicopter operator Bristow Group has further widened its range of bets on the emerging advanced air mobility market, placing a firm order for five Beta Technologies Alia-250 electric vertical takeoff and landing aircraft.
Vertical Aerospace has secured a $100 million funding line to bolster its finances as the UK startup ramps up spending on development of its VX4 electric vertical takeoff and landing air taxi.
Swiss autonomous flight startup Daedalean has established a U.S. presence as its first artificial intelligence-based avionics system moves toward FAA certification.
Embraer’s urban air mobility spinoff Eve Holding saw cash burn accelerate in the first half of 2022 as it increased research and development (R&D) spending on its electric vertical takeoff and landing air taxi and urban air traffic management program.
American Airlines has invested in zero-emission propulsion developer ZeroAvia and signed a memorandum of understanding covering a possible order for 100 hydrogen-electric engines to retrofit CRJ regional jets.
Automotive giant Volkswagen has joined the race to develop electric vertical-takeoff-and-landing aircraft, unveiling its passenger prototype July 29 with Volkswagen Group China.
