eVTOL Discussion

Another look at Lilium.

eVTOL discussion...

A closer look at ...Lilium Jet.

Wisk...the collab between Boeing and Kitty Hawk to make the Wisk eVTOL.

Air Mobility with eVTOLs.

Wisk!

Take a look at this detachable flying car.

Part of eVTOL discussion will be Air Traffic management.

eVTOLs potentially disrupting the helicopter industry.

Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) announced recently the approval by the executive board of Brazil’s National Development Bank (“BNDES”) to support Eve’s eVTOL development efforts with two distinct credit lines, totaling $92.5 million. Both credit lines are expected to offer beneficial terms and conditions to Eve with a 12-year maturity and amortization grace period. The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.

The first credit line is expected to be granted by the Climate Fund (“Fundo Nacional Sobre Mudança Climática”, or “Climate Fund”). This is a BNDES program designed to provide financing to support businesses and projects that help mitigate climate change and reduce carbon emissions, with urban mobility as one of its nine sub-programs. The Climate Fund helps with the funding of entrepreneurial projects, the acquisition of machinery and equipment, as well as the development of technologies to reduce carbon and greenhouse-gas emissions. In addition to Urban Mobility, the fund also focuses on sustainable cities and climate change, efficient machinery and equipment, renewable energy, solid residue, charcoal, native forestry, carbon management and services, and innovative projects.

The second line of credit is expected to be granted by the Innovation Finance (“Financiamento a Empreendimentos de Inovação”, or “FINEM Inovação”), a BNDES program that provides long-term funding for disruptive industrial projects that generate social benefits, such as urban mobility, energy generation, education, sewage, among others.

Beta Technologies has opened a Research & Development (R&D) facility at the Montréal-Trudeau International Airport. The new facility will aid in Beta Technologies materials processing and structural engineering in support of the certification process for their ALIA 250 eVTOL. Additionally, Beta has been working on charging stations to support the charging of their aircraft in the future.

Beta Technologies has installed its latest recharging station at an airport. This time, they have opened one at Augusta Regional Airport in Georgia. “We’ve seen nearly every mode of transportation go electric over the past decade, and aviation is next,” said Nate Ward, a Beta Technologies team member. “To support this shift to electrification, we need to make sure charging infrastructure is as reliable and accessible as possible. We are thrilled to have forward-looking partners like the Augusta Regional Airport and Georgia Power invest in this infrastructure that will support operations today and for generations to come.”

Wisk will be in Washington D.C with one of its 6th generation eVTOL mockups for the 2023 U.S. Chamber of Commerce Global Aerospace Summit taking place on September 12th and 13th. It will be on display in the rotunda of the Ronald Reagan Building and International Trade Center.

Ehang EH216-S pilotless.