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Posts Tagged: eVTOL

eVTOL developer Joby Aviation expands partnership with Department of Defense

Joby Aviation (NYSE:JOBY), a California-based company developing electric vertical take-off and landing (eVTOL) aircraft, has announced an expansion of its existing contract with the US Air Force’s Agility Prime program that increases the total potential value of the contract to more than $75 million. The expanded contract will include new testing to evaluate Joby’s technologies,… Read more »

Archer Aviation receives $10 million from United Airlines for 100 eVTOL aircraft

Archer Aviation (NYSE: ACHR) has received a $10-million pre-delivery payment from United Airlines for 100 of the company’s initial production electric vertical takeoff and landing (eVTOL) aircraft. This represents a deposit on aircraft which United agreed to purchase in 2021. Archer is developing eVTOL aircraft for use in urban air mobility networks. The company recently… Read more »

Brazilian airline orders 250 eVTOL aircraft

Three major players in the Brazilian air transport industry have announced a partnership to commercialize what they call “an eVTOL ride-sharing platform.” Aircraft leasing company Avolon, Brazilian airline Gol and transport operator Grupo Comporte will collaborate to launch an eVTOL ride-sharing service. As part of the agreement, Gol and Grupo Comporte have committed to purchase… Read more »