Europe's flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap for eVTOL startups ...

VoltAero inaugurates its industrial facility in Rochefort for the final assembly line for the family of Cassio electric-hybrid aircraft, to incorporate composite elements.

Daily Memo: Cash-Strapped eVTOL Startups Pivot To Subscale Drones is published in Advanced Air Mobility Report, an Aviation ...

Volocopter has named ex-Lilium executive Oliver Vogelgesang as its new chief financial officer, effective immediately.

Europe's ambitious dream of electric flying taxis is running into some serious roadblocks due to budget shortages. German ...

“We are definitely burning through cash," he told the BBC. “But this is a good sign, because it means we are producing the ...

Lilium, the manufacturer of an electric vertical takeoff and landing (eVTOL) jet designed to fly as many as seven passengers on 100-mile trips between cities, is out of cash. The firm on Thursday ...

One of the innovations at this year's Paris Olympics was supposed to be an electric flying taxi service. Germany's Volocopter promised its electric-powered, two-seater aircraft, the VoloCity ...

The German company had developed a radical take on the EVTOL theme. Lilium's aircraft uses 30 electric jets that can be tilted in unison to swing between vertical lift and forward flight.