Topic: electric aircraft
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Lilium's Electric Aircraft Tech Finds New Life at Archer
Following Lilium's insolvency, Archer Aviation acquired its entire patent portfolio for approximately €18 million, outbidding competitors to secure foundational eVTOL technologies. Lilium, once a leading eVTOL developer with over $1 billion in funding and major orders, went public in 2021 but exh...
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Top 7 Space & Defense Startups from TechCrunch Disrupt
TechCrunch's Startup Battlefield highlights 200 top contenders, with this year's selection featuring standout startups in space and defense technology. In the space sector, innovations include a manned eVTOL aircraft, a propellantless spacecraft propulsion system, and a fintech platform for space...
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Beta Technologies Soars on NYSE Debut, Raises $1 Billion
Beta Technologies successfully completed its IPO, raising $1 billion and achieving a $7.4 billion valuation, with shares closing at $36 after an initial dip. Founder Kyle Clark pursued an unconventional strategy, securing funding from major institutions like Fidelity and Amazon while avoiding Sil...
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