Aircraft leasing company Avolon has placed an order for up to 500 electric eVTOL aircraft from Vertical Aerospace. The companies say the sale will introduce the ultra-short-haul aircraft category to commercial aviation. The two companies will collaborate throughout the development, certification and commercial roll-out of the VA-X4, a piloted, zero-emissions electric Vertical Take Off and… Read more »
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Airbus boosts cryogenic technology testing for electric aircraft systems
Airbus is developing a testing platform called Advanced Superconducting and Cryogenic Experimental powertraiN Demonstrator (ASCEND) to explore the impact of superconducting materials and cryogenic temperatures on the performance of an aircraft’s electric propulsion systems. The introduction of superconducting materials can lower electrical resistance, which reduces power loss in conductors. When coupled with liquid hydrogen at… Read more »
UPS to purchase electric VTOL aircraft from Beta Technologies
UPS’s Flight Forward subsidiary plans to purchase electric vertical takeoff and landing (eVTOL) aircraft from Beta Technologies. The delivery giant will take delivery of the first ten aircraft beginning in 2024, with the option to purchase up to 150. Beta’s vehicle has a 1,400-pound cargo capacity and a range of 250 miles. UPS envisions that… Read more »
Archer partners with Fiat Chrysler to develop electric VTOL aircraft
Palo Alto-based Archer has teamed up with Fiat Chrysler (FCA) to develop electric vertical takeoff and landing (eVTOL) aircraft, with the intent of starting production in 2023. FCA has already collaborated on cockpit design elements of Archer’s first aircraft, which is expected to be unveiled early this year. Archer’s goal is to create a vertically… Read more »
Electric aircraft maker Lilium completes $240-million funding round
Munich-based aviation company Lilium is developing an all-electric, vertical take-off and landing (eVTOL) aircraft designed to serve regional air travel markets. The company recently completed a $240-million funding round led by Tencent, with participation from other existing investors, including Atomico, Freigeist and LGT. The new funds bring the total sum raised to date to over… Read more »
Sion Power demonstrates EV performance requirements of its lithium-metal battery technology
Sion Power has demonstrated its new Licerion EV technology, which focuses on high energy density, increased cycle life, and fast charging ability. The company projects that its Licerion EV cells will offer 420 Wh/kg and 700 Wh/L when scaled to commercial design. Sion tested 1.8 Ah cells, which resulted in 800 full depth of discharge… Read more »
TDK invests in Germany electric VTOL company AutoFlightX
TDK Ventures has dipped into its $50-million corporate venture capital fund to invest in electric vertical takeoff and landing (eVTOL) company AutoFlightX. With their ability to navigate dangerous or hard-to-reach environments, eVTOL vehicles can help eliminate human risk in mining inspections, or deliver payloads of supplies and medicine in emergency response scenarios. AutoFlightX says it… Read more »
Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program
Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »