Drone taxis might soon be flying in cities around the world: report By Jim Magill Drone taxis might soon be introduced in a city near you, according to a recent Markets and Markets report. The global market for drone taxis is expected to grow from an estimated $74 million in 2025 to reach $860 million by 2030, a compound annual growth rate (CAGR) of 63%, according the … [Read more...] about Drone Taxis are Big Business: The New Ride Share
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Ehang’s New Passenger Drone Designed for Long-Range, Intercity Transportation
EHang Holdings Limited (Nasdaq: EH), announces a new electric autonomous aerial vehicle (AAV): the VT-30, a long range passenger drone designed for inter-city transportation. Publicly traded EHang has taken passenger drones to the skies all over the world. EHang has active projects in emergency response and aerial tourism in China, and extensive pilot programs in Korea and … [Read more...] about Ehang’s New Passenger Drone Designed for Long-Range, Intercity Transportation
Volocopter Funding: €200 Million in Series D
The appetite for investment in the air taxi or urban air mobility sector continues to grow, as new Volocopter funding indicates. Volocopter, one of the first working air taxis - and the only company to receive Design Organization Approval (DOA) by the European Union Aviation Safety Agency (EASA) - has announced a €200 million (about $240 million) Series D funding round, … [Read more...] about Volocopter Funding: €200 Million in Series D
Drone Taxi: Lilium Soars with $240 Funding Round
Munich-based aviation startup Lilium is soaring higher today with a funding boost of $240 million. The internal funding round is led by Tencent, with Atomico, Freigeist and LGT participating. The funding will fuel Lilium’s development and production of the Lilium Jet, an all-electric, VTOL passenger drone . According to a company press release, Lilium plans to operate … [Read more...] about Drone Taxi: Lilium Soars with $240 Funding Round
The Model for Urban Air Mobility that Big Money is Backing: Toyota’s $394 M Investment in Passenger Drones
Joby Aviation, pioneers in electric propulsion aircraft, have just received another massive funding round to make their vision of urban air mobility (UAM) - drone taxis - a reality. Urban Air Mobility is a big topic, and there are a lot of players in the space. There are a variety of different models of how UAM might work - everything from the Jetson's idea of everyone in … [Read more...] about The Model for Urban Air Mobility that Big Money is Backing: Toyota’s $394 M Investment in Passenger Drones
