Joby Aviation, the eVTOL and air taxi manufacturer headquartered in Santa Cruz, California, is receiving a $75 million investment from Uber Technologies. This is on top of a previously undisclosed $50 million investment from a funding round in January of this year.
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Embraer launches Eve as an independent UAM company
Embraer, the Brazilian aircraft manufacturer, has launched Eve Urban Air Mobility Solutions to accelerate their activities in the Urban Air Mobility market. EmbraerX, the innovation subsidiary of the company, was already partnered with Uber and working on the design of an eVTOL vehicle. André Stein, former head of strategy for EmbraerX, will take on the role of CEO of Eve. Splitting off as a subsidiary allows Eve to have a startup mindset while still using Embraer’s extensive expertise. They are continuing with the eVTOL design that was incubated at EmbraerX. The aircraft flew in an engineering simulator in July 2020…
Read moreHyundai becomes full associate member of General Aviation Manufacturers Association
Hyundai has been working with Uber on its efforts to take ride-sharing to the skies since it was announced at CES 2020.
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