Air Taxi
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TechCrunch· 2025-07-15 13:06
Facility Expansion - Joby Aviation doubles pilot eVTOL facility capacity [1] - This expansion supports the company's race toward air taxi launch [1] Industry Focus - The report highlights Joby Aviation's progress in the eVTOL (electric Vertical Takeoff and Landing) industry [1] - The focus is on the company's preparation for launching air taxi services [1]
Archer Aviation CEO on air taxi plans, defense spending and future of air travel
CNBC Television· 2025-06-30 18:23
Financial Performance - Archer Aviation raised $850 million in a direct share offering [1] - Archer Aviation shares rose 4% following the direct share offering [1] Industry Trends & Regulatory Landscape - The US administration aims to maintain its leadership in aviation through the executive order [2] - The executive order facilitates the creation of a new category at the FAA for the first time in almost 60 years [2] - The industry is innovating on policy and regulatory aspects alongside engineering [2] - The new category of aircraft aims for safety, quiet operation, and lower costs [4][7] Company Strategy & Market Focus - Archer Aviation is targeting international launch in Abu Dhabi, UAE this year [9][10] - Archer Aviation plans to expand in the GCC region before returning to the US [10] - Archer Aviation is undergoing the FAA certification process [10] - Archer Aviation sees potential use cases beyond airport transfers, including defense applications [7][8]