Russia’s war in Ukraine and President Donald Trump’s reluctance to support NATO allies has led to a boost in funding for European defense tech. And across industries, startups are leveraging the opportunity. One such company could be UK-based startup Vertical Aerospace, which is developing eVTOL (electric vertical takeoff and landing) aircraft mainly for air taxi…
Category: eVTOL
eVTOL, Global Security News, Startups, Transportation
Archer Aviation wants to help New Yorkers skip airport traffic with electric air taxis
New York City — where you can get a dollar slice at 2am or a McDonald’s delivery in under 30 minutes, but still spend two hours crawling down the highway to catch a flight. Archer Aviation wants to change that. The electric aircraft startup says its air taxis could one day fly passengers from Manhattan…
eVTOL, Fundraising, Global IT News, Global Security News, Startups, Transportation
Archer Aviation doubles down on defense aircraft with fresh $300M
Escalating geopolitical tensions and a new administration with a hawkish defense agenda has led many startups to embrace dual-use strategies to secure revenue through military applications. And it’s a trend that is already heating up in aerospace. Just look at Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very…
electric vertical take-off and landing, eVTOL, Global IT News, Global Security News, Mercedes-Benz, Transportation, Volocopter
Mercedes-backed Volocopter files for bankruptcy
German electric air taxi company Volocopter has filed for bankruptcy protection, the latest in a string of similar startups to hit financial turbulence. The company plans to keep operating while it searches for new investors. “We are ahead of our industry peers in our technological, flight test, and certification progress. That makes us an attractive…