Toyota puts another $500 million into an air taxi startup JobyToyota invests $500 million in Joby Aviation to accelerate electric air taxi development, emphasizing urban transportation innovation.
German flying taxi startup Volocopter files for bankruptcy DW 12/30/2024Volocopter has filed for bankruptcy but is still pursuing market entry for its air taxi services with hopes of finding investors.
Toyota puts another $500 million into an air taxi startup JobyToyota invests $500 million in Joby Aviation to accelerate electric air taxi development, emphasizing urban transportation innovation.
German flying taxi startup Volocopter files for bankruptcy DW 12/30/2024Volocopter has filed for bankruptcy but is still pursuing market entry for its air taxi services with hopes of finding investors.
Air taxi maker Lilium is out of money and will cease operationsLilium has gone into insolvency due to failed funding efforts, halting air taxi production.The competitive eVTOL market poses significant challenges for companies unable to secure financing.
Lilium stock price plummets to penny territory as FAA green light for flying taxis can't save it from insolvencyLilium's subsidiaries are expected to file for insolvency due to insufficient funds, causing a significant drop in share price.
Air taxi maker Lilium is out of money and will cease operationsLilium has gone into insolvency due to failed funding efforts, halting air taxi production.The competitive eVTOL market poses significant challenges for companies unable to secure financing.
Lilium stock price plummets to penny territory as FAA green light for flying taxis can't save it from insolvencyLilium's subsidiaries are expected to file for insolvency due to insufficient funds, causing a significant drop in share price.
EVTOL startups just got a big lift from the US government | TechCrunchFederal regulators have approved the integration of electric vertical takeoff and landing aircraft into U.S. airspace, benefiting the air taxi industry.