Air Taxi Funding Has Stalled Over Europe — Here’s Why

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Air Taxi Funding Has Stalled Over Europe — Here’s Why - Forbes

Quick Summary:

The spokesperson noted that the failure to win a loan guarantee from the German government wasn't down to Lilium's technology, but instead was blamed on disagreement in parliament from the Green Party over funding an air travel company.

Volocopter also reportedly failed to raise €100m from the German government in April — perhaps the eVTOL woes have as much to do with German politics than anything else — and a report from Bloomberg suggested Chinese giant Geely may step in.

British Vertical Aerospace lost a key supplier, revealed net losses had climbed 45% to $17m in its latest round of annual results, and admitted it was seeking new investment — though there has been good news, with an untethered, piloted test of its VX4 aircraft.