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Vertical, Air taxi
Air-Taxi Maker Vertical Signs Tentative Funding Deal With Investor, Extends Cash Runway
(Reuters) -UK-based Vertical Aerospace and Mudrick Capital have signed a non-binding term sheet under which the investor will convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, the air-taxi maker said.
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
The rescue deal comes at a crucial moment for Vertical, which has been burning through cash to bring its VX4 aircraft to market.
Air Taxi Maker Vertical Secures Bailout From Mudrick Capital
Flying taxi startup Vertical Aerospace Ltd. said it had secured as much as $50 million in new funding from Mudrick Capital Management, giving it financial breathing room to test and certify its first model.
Air taxi firm Vertical says Mudrick to convert some notes to equity, extend repayment deadline
By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028,
3d
Lilium's fall throws spotlight on air-taxi cash crunch
The race to become the first Western air-taxi company to carry passengers lost a high-profile competitor this month when ...
smartcitiesdive
3d
Air taxi developers conduct demo flights, name first cities they plan to serve
Los Angeles and New York City are likely to be among the first U.S. air taxi markets for Archer Aviation and Joby Aviation, ...
The Cool Down on MSN
3d
Toyota is pouring half a billion dollars into its air taxi startup — see the incredible vehicle that has the company so pumped up
Toyota Motor Corporation recently invested $500 million to help support the future of electric air taxi travel.
9h
Joby's Electric Air Taxi Lands In Microsoft Flight Simulator 2024, Here's How You Can Fly It
Joby Aviation, Inc. has integrated its electric air taxi into Microsoft Flight Simulator 2024, allowing aviation enthusiasts worldwide to experience the future of urban air mobility.
7d
Air Taxi Funding Has Stalled Over Europe — Here’s Why
Europe's flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap for eVTOL startups ...
13d
Honda’s Top-Secret Air Taxi Could Be Hitting the Skies Soon
The auto giant said 3 years ago that it plans to develop a five-person eVTOL, but has kept it top secret since then. The ...
americanbazaaronline.com
13d
Indian electric air taxi startup raises $14 million, strives to redefine urban travel
The ePlane Co., a Chennai-based electric air taxi startup, secured $14 million in a Series B funding round to redefine urban ...
7d
Joby Air Taxi Lands In 'Microsoft Flight Simulator 2024’
Take off in the possible future of air travel with the virtual version of Joby's air taxi in Microsoft Flight Simulator 2024 ...
The Business Journals
3d
Air taxi company adds 40 cargo drones to fleet
The drones will be used to transport baggage and cargo for passengers. UrbanLink
Air
Mobility adds 40 Orca hybrid-electric ...
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