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Joby - 4 Archer - 2 Tetsuo Ogawa - 2 Aishwarya Nair - 2 Paul Griffiths - 1 Dominic Weeks - 1 ZeroAvia - 1 Stuart Simpson - 1
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Search resuls for: "Vertical Aerospace"


19 mentions found


☆ Here's how the UK's aerospace businesses are taking off with the help of government funding
  + stars: | 2024-03-25 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +6 min
As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.
Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire
☆ US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look
  + stars: | 2023-08-17 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +2 min
The growing electric air taxi market is expected to be a $57 billion industry by 2035. Startups are racing to build the first certified eVTOL thanks to investments from airlines like United and Delta. Joby Aviation recently got the green light to start flight testing of its five-seater S4 2.0 eVTOL. The era of electric air taxis is almost here, and there are several competitors vying for a piece of the lucrative market. In 2021, United Airlines placed a $1 billion order for Archer's Midnight eVTOL, while Delta Air Lines invested $60 million into Joby Aviation in 2022.
Persons: Joby, Uber Organizations: Delta, Joby Aviation, Morning, Archer, Aerospace, EVE Air Mobility, Boeing, United Airlines, Delta Air Lines, Air New, American Airlines, Japan Airlines, Paris Airshow Locations: Air New Zealand
☆ Microsoft's venture capital arm, M12, has been offloading its portfolio on secondary exchanges at discounts, sources say
  + stars: | 2023-07-27 | by ( Ben Bergman | Ashley Stewart | Darius Rafieyan | ) www.businessinsider.com   time to read: +4 min
M12, Microsoft's venture firm, is offloading some of its portfolio on secondary exchanges, sources say. The fund's shares in startups are taking haircuts of between 30% and 70%, three people said. Microsoft's corporate venture capital fund, M12, has been offloading some of its $1 billion portfolio on secondary exchanges, five people familiar with the matter told Insider. One of the people familiar with the sales said M12 sold one large position this month at a 50% discount. A secondary sales boomSecondary sales are becoming more common in the market in general.
Persons: there's, PitchBook, Ashley Stewart, Ben Bergman, bbergman, Darius Rafieyan Organizations: Microsoft, Vertical Aerospace, Google, Investors, Tiger Global
☆ Electric helicopters could replace rideshares. How to invest in this 'evolutionary' technology
  + stars: | 2023-07-23 | by ( Alex Harring | ) www.cnbc.com   time to read: +7 min
"It's more of an evolutionary technology than a revolutionary technology." But Cowen managing director Cai von Rumohr said investors should be prepared for timelines to be pushed back, as this is still considered "early-stage tech." "Given the push for climate and to basically reduce carbon emissions, I think, at some point, there's going to be a market," von Rumohr said. The outlook is still clouded by many variables, von Rumohr said. "It's definitely an important investment opportunity for investors," Moeller said.
Persons: Harry Potter, Austin Moeller, Moeller, Archer, Joby, Cowen, Cai von Rumohr, von Rumohr, Lilium, Von Rumohr, Marco Iachini, Vanda Research's, Bill Peterson, It's Organizations: Archer, Federal Aviation Administration, FAA, Toyota, Stellantis, Air Force, Aerospace, JPMorgan
☆ Joby receives FAA nod to begin flight testing of its first built aircraft
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +1 min
June 28 (Reuters) - Joby Aviation (JOBY.N) said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its air taxi, as it edges towards securing approval to begin commercial operations. The California-based company also said Toyota North America's CEO, Tetsuo Ogawa, will join its board on Saturday. Joby said the Federal Aviation Administration (FAA) had granted a Special Airworthiness Certificate which allows flight testing of its first production prototype without passengers. The aircraft will be delivered to Edwards Air Force Base after completing initial testing, the company said. The delivery is made under Joby's $131 million contract with the U.S. Air Force.
Persons: Tetsuo Ogawa, Joby, Aishwarya Nair, Krishna CHandra Organizations: Joby Aviation, U.S, Toyota North, Toyota, Archer Aviation, Vertical Aerospace, Federal Aviation Administration, FAA, Edwards Air Force Base, U.S . Air Force, Thomson Locations: California, Bengaluru
☆ Joby receives FAA nod to begin flight testing of electric air taxi
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Joby Aviation founder JoeBen Bevirt poses next to a Joby Aviation Air Taxi ahead of their listing at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Joby Aviation (JOBY.N) said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its electric air taxi, taking it a step closer to securing approvals for commercial operations. Joby said the Federal Aviation Administration (FAA) had granted a Special Airworthiness Certificate, which allows flight testing of its first production prototype without passengers. Rival Archer received the green signal for flight testing in 2021. Joby's aircraft will be delivered to Edwards Air Force Base after completing initial testing, the company said.
Persons: JoeBen Bevirt, Andrew Kelly, Tetsuo Ogawa, Joby, Archer, Germany's, Aishwarya Nair, Krishna Chandra Eluri Organizations: Joby Aviation, Joby Aviation Air Taxi, New York Stock Exchange, REUTERS, U.S, Toyota North, Toyota, Archer Aviation, Vertical Aerospace, Federal Aviation Administration, FAA, Aerospace, Edwards Air Force Base, U.S . Air Force, Thomson Locations: Manhattan , New York City, U.S, California, Joby's, Bengaluru
☆ Microsoft's venture capital arm, M12, has faced months of turmoil over a change in strategy and pay, insiders say
  + stars: | 2023-05-19 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +11 min
Microsoft's M12 changed its strategy to become less like a VC and more like a business development team. "As with any leadership and strategy change, we aligned our team in a way that helps us meet our future direction. The problem with that shift, sources said, is that a corporate fund needs people who have very different career goals than an independent venture fund does. "Over the last year and half, we brought on new leadership at M12 and intentionally changed our corporate VC strategy. Employees who went along with the strategy change are generally happy at the fund, two of the people said.
☆ Microsoft M12 boss departs tech giant's VC arm to help turn London-based investor Systemiq Capital into the Sequoia of climate tech
  + stars: | 2023-05-05 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +3 min
A founding partner at Microsoft's VC arm M12 has left to take up a GP role at a climate tech investor. Goldstein has joined Systemiq Capital and plans to turn it into the Sequoia of climate tech. One of the founding partners of Microsoft's venture arm M12 has left the company to join London-based investor Systemiq Capital, which he wants to help turn into the Sequoia of climate tech. Systemiq Capital, meanwhile, was spun out of advisory firm Systemiq in 2022 to allow it to thrive on its own, Goldstein said. The climate tech investor expects to reach final close on its second fund, worth $200 million, towards the end of 2023.
☆ Joby Aviation to get investment from Tesla shareholder Baillie Gifford
  + stars: | 2023-05-03 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
Signage is seen on the Joby Aviation Air Taxi outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly/File Photo(Reuters) - British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. “It is important as long-term investors – even more so in a challenging environment – that we maintain our approach of backing transformational companies to build new growth industries,” a Baillie Gifford spokesperson said in a statement. The British investment firm are also investors in Elon Musk-led electric vehicle maker Tesla Inc and online retailer Amazon.com Inc. The investment is expected to close on May 5, Baillie Gifford and Joby said on Wednesday.
☆ Embraer's electric aircraft maker Eve 'on track' to start service in 2026
  + stars: | 2023-02-17 | by ( Gabriel Araujo | ) www.reuters.com   time to read: +3 min
SAO PAULO, Feb 17 (Reuters) - Electric aircraft maker Eve Holding Inc (EVEX.N) is "on track" to meet its goal of starting commercial operations in 2026, an executive said on Friday, and getting its aircraft certificated is the most immediate target. Eve is confident about the "robust project," which is backed by Embraer's expertise, said Mauad, reiterating the goal of starting operations in 2026. BNDES later announced it would grant Eve an additional 490 million reais ($94.47 million). Mauad acknowledged a consolidation process could happen in the sector, but noted Eve was still particularly focused on working through its partnerships. ($1 = 5.1871 reais)Reporting by Gabriel Araujo; Editing by Anthony Esposito and Susan FentonOur Standards: The Thomson Reuters Trust Principles.
☆ How electric air taxis could shake up the airline industry in the next decade
  + stars: | 2022-12-03 | by ( Mikaela Cohen | ) www.cnbc.com   time to read: +5 min
Companies across the U.S., including several startups, are developing electric air taxis that aim to take cars off the road and put people in the sky. In October, Delta Air Lines joined the list of airlines backing EV technology startups, with a $60 million investment in Joby Aviation, a company developing electric vertical takeoff and landing aircraft (eVTOLs), intended to operate as an air taxi service. In 2021, when Joby announced its plan to launch its Uber-like air taxis by 2024, it generated criticism from industry analysts on the ability to launch by that date. One is for $15 million with Eve Air Mobility for 200 aircraft, and another for $10 million with Archer Aviation for 100 eVTOLs. Air taxis could hit markets in the 2030sWhile major airlines enter agreements with global startups, it's important to remember these are conditional.
☆ How United Airlines expects electric planes to change the way passengers make travel decisions
  + stars: | 2022-10-28 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +10 min
As electric cars and SUVs move toward 5% of the new-car market in the U.S. and 9% globally, few airlines have made any major push toward electric planes. Sustainability plans being pursued by American Airlines , Delta Air Lines and Southwest Airlines barely mention electric planes. "Go back to the 1990s, there were hundreds of small aircraft serving a lot of communities that have now lost service." "There are literally dozens of companies that wouldn't have worked that are now viable startups that you'll hear about United Airlines and United Ventures investing in in the coming months." Most likely, electric planes will serve small markets, hydrogen-powered planes will serve medium-sized passenger loads, and SAF-powered jet engines will serve major cities.
☆ Archer Aviation plans to build 250 air taxis in 2025
  + stars: | 2022-10-24 | by ( Aishwarya Nair | ) www.reuters.com   time to read: +2 min
Adam Goldstein (R) and Brett Adcock, co-founders and co-CEOs of flying taxi company Archer Aviation, pose for a picture as they rehearse for the unveiling of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. REUTERS/Mike BlakeOct 24 (Reuters) - Archer Aviation Inc (ACHR.N) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. "In our first year, we will build 250 aircraft, our second year will build 500 aircraft, our third year will build 650 aircraft and then we scale it up to around 2,000 aircraft per year," CEO Adam Goldstein told Reuters in an interview. Archer aims to certify its pilot-plus-four-passenger aircraft, 'Midnight', by end-2024, though the U.S. Federal Aviation Administration (FAA) is still in the process of drawing up certification rules for these futuristic aircraft. Register now for FREE unlimited access to Reuters.com Register"In terms of aircraft production, we have estimated in our Archer model ~20 units in 2025," JPM analyst Bill Peterson said.
☆ Hyundai's air taxi unit picks Honeywell as avionics supplier
  + stars: | 2022-10-14 | by ( Allison Lampert Abhijith Ganapavaram | Allison Lampert | Abhijith Ganapavaram | ) www.reuters.com   time to read: +2 min
REUTERS/Joshua Schneyer/File PhotoOct 14 (Reuters) - Hyundai Motor Co's (005380.KS) air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. "We want to see the FAA come out with its set of certification rules, quickly. Honeywell's collaboration with Supernal is its first with an air taxi firm established by an automaker. The company, which is a big supplier to Boeing Co (BA.N) and Airbus SE (AIR.PA), also has investments in other eVTOL firms - Lilium, Vertical Aerospace and Volocopter. The company expects the overall market for air taxis to be about $120 billion per year by 2030, Fymat added.
☆ UBS gives long-term buys for the transportation revolution from self-driving cars to sky taxis
  + stars: | 2022-10-12 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
Transportation could undergo a significant transformation in the coming decades, and that could create upside for some well-known stocks, according to UBS. Those opportunities include high-speed rail, electric vehicles, sky taxis, self-driving cars and so-called "last-mile" solutions for shorter transport. "The technology is still a work in progress, but most governments are supportive of innovation and the benefits that come with SDVs, though they impose strict testing requirements," the UBS note said. Smaller vehicles, like electric scooters and motorcycles, are also seen as a growing category. Indian and Japanese companies like Suzuki are expected to outperform for motorcycles and other smaller vehicles, but UBS does list Polaris as a buy.
☆ Delta Air invests $60 mln, takes stake in air taxi startup Joby Aviation
  + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
The Joby Aviation logo is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew KellyWASHINGTON, Oct 11 (Reuters) - Delta Air Lines (DAL.N) said Tuesday it invested $60 million in air taxi startup Joby Aviation (JOBY.N) for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles. Joby has said it plans to launch air taxi service in 2024. Delta does not plan, however, to operate Joby aircraft, Bastian said. He said he hopes at some point the air taxis will be able to land on the tarmac to speed journeys.
☆ Delta invests in electric air taxi startup Joby, plans last-mile airport service
  + stars: | 2022-10-11 | by ( Phil Lebeau | ) www.cnbc.com   time to read: +2 min
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company's initial public offering in New York, U.S., on Aug. 11, 2021. Delta Air Lines , which has watched competitors map future plans with electric vertical takeoff and landing aircraft startups, is joining the growing list of airlines looking to make short trips to and from airports faster and easier. The carrier is investing $60 million in startup Joby Aviation, which is planning to build and operate an electric vertical takeoff and landing aircraft, or eVTOL, effectively an air taxi. Delta will also have an exclusive five-year partnership with Joby operating eVTOLs as part of the Delta network. Delta's deal with Joby means the three legacy airlines in the U.S. have all taken stakes with eVTOL startups.
☆ Flying taxi ordered by American Airlines successfully completes first test flight
  + stars: | 2022-09-27 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +2 min
The flying taxi that's been ordered by American Airlines has completed its first test flight. The piloted test of the VX4 is the first in a series of planned tests, Vertical Aerospace said Monday. No model has been certified by flight regulators, although Vertical Aerospace hopes to have the VX4 certified by 2025. Because the test flight was piloted, Vertical Aerospace had to apply for a permit from the UK's aviation regulator, the Civil Aviation Authority (CAA). Vertical Aerospace plans to continue testing the VX4 for several months and increase the altitude and speed with each new test flight.
☆ Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more
  + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Las Vegas Sands, Wynn Resorts — Shares of the casino operators both soared about 11% after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. Chegg — Shares of the educational tech company jumped more than 6% after Needham upgraded the company to a buy rating from hold. Planet Fitness - The gym stock jumped 2% after Raymond James upgraded Planet Fitness to strong buy from market perform. Lyft – Shares of the ride hailing company fell about 3% after UBS downgraded the stock to neutral from a buy.
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