Eco Finance Archives - Eco-Aviation Foundation International Bringing Together the Revolution in Green Aviation Thu, 23 Nov 2023 16:55:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://qa.eco-aviation.org/wp-content/uploads/2019/04/Eco-Favicon.png Eco Finance Archives - Eco-Aviation Foundation International 32 32 U.S. Air Force Awards $37 Million to Piasecki Aircraft Corporation to Develop Next-Generation VTOLs and Hydrogen Propulsion Technologies https://qa.eco-aviation.org/u-s-air-force-awards-37-million-to-piasecki-aircraft-corporation-to-develop-next-generation-vtols-and-hydrogen-propulsion-technologies/ Wed, 22 Nov 2023 23:49:33 +0000 https://qa.eco-aviation.org/?p=7592 The post U.S. Air Force Awards $37 Million to Piasecki Aircraft Corporation to Develop Next-Generation VTOLs and Hydrogen Propulsion Technologies appeared first on Eco-Aviation Foundation International.

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“The STRATFI program plays a critical role in advancing emerging American technologies and we are thrilled to receive this significant investment,” said John Piasecki, CEO of Piasecki Aircraft. “This new funding will allow us to demonstrate ARES’ unique tilt-duct configuration, which enables seamless transition between hover and fixed-wing forward flight — a technological leap that would address critical aerial challenges faced by the U.S. military. The STRATFI test program will also fund the demonstration of zero-emission hydrogen fuel cell propulsion technology for VTOLs, including our forthcoming PA-890 compound helicopter. Demonstration of the PA-890 would be a world-first for electric aviation and would usher in a new era of clean vertical flight.”

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]]> ‘Flying car’ company with South Carolina ties nets $83M funding boost https://qa.eco-aviation.org/flying-car-company-with-south-carolina-ties-nets-83m-funding-boost/ Thu, 26 Oct 2023 01:12:00 +0000 http://eco-aviation.org/?p=7064 The post ‘Flying car’ company with South Carolina ties nets $83M funding boost appeared first on Eco-Aviation Foundation International.

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A Japan-based electric vertical takeoff and landing manufacturer with plans to open its U.S. headquarters in South Carolina has received…

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]]> Aerovy, an advanced air mobility software provider, completes $800,000 pre-seed funding round https://qa.eco-aviation.org/aerovy-an-advanced-air-mobility-software-provider-completes-800000-pre-seed-funding-round/ Mon, 16 Oct 2023 03:00:00 +0000 http://eco-aviation.org/?p=6816 The post Aerovy, an advanced air mobility software provider, completes $800,000 pre-seed funding round appeared first on Eco-Aviation Foundation International.

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Aerovy, a Purdue University-connected startup, has completed a round of funding and is expanding industry partnerships around the world. Aerovy develops cloud-based software solutions for the advanced air mobility, or AAM, sector, which includes electric-powered urban and regional aircraft…

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]]> Archer Aviation Secures Initial $1 Million Payment Through Air Force Contract – FLYING Magazine https://qa.eco-aviation.org/archer-aviation-secures-initial-1-million-payment-through-air-force-contract-flying-magazine/ Fri, 06 Oct 2023 07:21:28 +0000 http://eco-aviation.org/?p=6673 The post Archer Aviation Secures Initial $1 Million Payment Through Air Force Contract – FLYING Magazine appeared first on Eco-Aviation Foundation International.

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The eVTOL aircraft manufacturer is working toward crewed flights of its air taxi with Air Force pilots in the coming months…

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]]> Hydrogen aviation startup ZeroAvia has raised funding that will allow it to certify its engine for flight https://qa.eco-aviation.org/hydrogen-aviation-startup-zeroavia-has-raised-funding-that-will-allow-it-to-certify-its-engine-for-flight/ Sat, 23 Sep 2023 20:52:53 +0000 http://eco-aviation.org/?p=6558 The post Hydrogen aviation startup ZeroAvia has raised funding that will allow it to certify its engine for flight appeared first on Eco-Aviation Foundation International.

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@axios on Twitter
Hydrogen aviation startup ZeroAvia has raised funding that will allow it to certify its engine for flight — a big step as the aviation sector looks to decarbonize. @katiefehren reports. Go deeper: https://t.co/cvDDEsWPY4

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]]> ZeroAvia completes another successful financing round led by Airbus and NEOM in Saudi Arabia https://qa.eco-aviation.org/zeroavia-completes-another-successful-financing-round-led-by-airbus-and-neom-in-saudi-arabia/ Sat, 23 Sep 2023 05:44:29 +0000 http://eco-aviation.org/?p=6547 The post ZeroAvia completes another successful financing round led by Airbus and NEOM in Saudi Arabia appeared first on Eco-Aviation Foundation International.

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Hydrogen-electric plane developer ZeroAvia has snagged some additional financial security as it looks to continue development of its zero-emissions flight…

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]]> Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round https://qa.eco-aviation.org/volocopter-raises-additional-usd-182-million-in-second-signing-of-series-e-financing-round/ Wed, 02 Nov 2022 16:22:17 +0000 http://eco-aviation.org/?p=6469 The post Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round appeared first on Eco-Aviation Foundation International.

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eVTOL pioneer Volocopter shares financing update. 182 million US dollars raised in second Series E signing. NEOM and Gly Capital Management join as investors…

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]]> Delta Airlines will invest up to $200 million in Joby Aviation to create a ‘home-to-airport’ air taxi service https://qa.eco-aviation.org/delta-airlines-will-invest-up-to-200-million-in-joby-aviation-to-create-a-home-to-airport-air-taxi-service/ Sun, 30 Oct 2022 22:03:54 +0000 http://eco-aviation.org/?p=6437 Delta Airlines will invest $60 million in Joby Aviation, a leading electric air taxi startup, to create a “home-to-airport” service using the startup’s five-seat electric vertical takeoff and landing (eVTOL) aircraft, the companies announced Tuesday. Delta said its investment in Joby could go as high as $200 million if the company hits certain milestones…

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The companies aim to launch a service to transport passengers to a nearby airport from so-called ‘vertiports’ located throughout a city…

Delta Airlines will invest $60 million in Joby Aviation, a leading electric air taxi startup, to create a “home-to-airport” service using the startup’s five-seat electric vertical takeoff and landing (eVTOL) aircraft, the companies announced Tuesday. Delta said its investment in Joby could go as high as $200 million if the company hits certain milestones…

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]]> Aircraft lessor Avolon eyes growth through electric plane taxi orders https://qa.eco-aviation.org/aircraft-lessor-avolon-eyes-growth-through-electric-plane-taxi-orders/ Sun, 03 Apr 2022 00:36:12 +0000 http://eco-aviation.org/?p=6223 The post Aircraft lessor Avolon eyes growth through electric plane taxi orders appeared first on Eco-Aviation Foundation International.

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]]> Terra Drone raises $70 million in Series B funding for UTM & UAM solutions https://qa.eco-aviation.org/terra-drone-raises-70-million-in-series-b-funding-for-utm-uam-solutions/ Sat, 02 Apr 2022 02:17:49 +0000 http://eco-aviation.org/?p=6210 The post Terra Drone raises $70 million in Series B funding for UTM & UAM solutions appeared first on Eco-Aviation Foundation International.

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Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation announced today that it has raised $70 million (8 billion Japanese yen) in Series B funding with investments from Mitsui & Co., Ltd., SBI Investment Co., Ltd., Tokyu Land Corporation, Kyushu Electric Power T&D, and Seika C…

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