The oil and gas-rich country has sought to distinguish itself in the Middle East as a high-tech, forward-looking society, ...

The UAE is setting the stage for air taxis and cargo drones by mapping aerial corridors. This initiative underscores its ...

The German air taxi startups Lilium and Volocopter both had to file for insolvency and are now trying to reorganise themselves. Now the major aviation group ...

Air Taxi Startup Volocopter, Backed By Saudi Crown Prince MBS And Mercedes, Crashes Into Bankruptcy After Raising $544 Million In 10 Years The dream of flying taxis just hit a big roadblock ...

Founded in 2011, Volocopter has been a leader in urban air mobility (UAM), designing electric vertical takeoff and landing (eVTOL) vehicles aimed at revolutionizing transportation. The company's ...

The eVTOL Aircraft market is valued at USD 0.76 billion in 2024 and is projected to reach USD 4.67 billion by 2030, at a CAGR ...

Among the key applications are urban air mobility (UAM) or passenger air taxi, intercity transportation ... Lilium, and Volocopter. Based on System, the aerostructure segment is estimated to ...

Vertical Aerospace Ltd. plans to raise more money after a just-concluded round, as the U.K. startup targets certification of ...

Arlington-based startup Eviation, which in 2022 flew the first flight of its electric airplane at Moses Lake, laid off most ...

Read about the top 15 political, economic, social, environmental, technology and industry trends that will shape 2025 and beyond ...