Raytheon Technologies' venture capital arm, RTX Ventures, is leading a group of investors backing the Florida-based company, which is looking to power several new eVTOL and eSTOL aircraft.

Prospective launch customers for the four-passenger aircraft include Evfly and Yugo in Singapore, France-based HeliFirst and Jet Systems Helicoptères Services, California-based Flyshare, and Philjets Group in the Philippines.

The U.S. group first revealed an early design for the Nexus eVTOL in 2019 and then unveiled a more advanced Nexus 4EX design in 2020.

Germany's federal government has expressed support for the European aerospace group's investment in electric aviation.

Archer aims to complete construction of its full-scale eVTOL prototype in 2023 as it seeks to complete type certification in 2024.

The California-based start-up's workforce has tripled over the past 12 months.

More than 300 investors, start-up founders, regulators, financiers, engineers, investors, and self-proclaimed industry disruptors are expected to gather in California for the well-regarded event.

Automotive groups including Geely, Fiat Chrysler, Toyota, and Hyundai are already making large investments in electric aircraft.

New research commissioned by the UK Research and Innovation agency is seeking to fully understand social attitudes regarding the benefits and risks of new modes of air transportation, such as eVTOL air taxi services.

Ampaire flew its Electric EEL technology demonstrator from Los Angeles to Oshkosh, Wisconsin, for the annual EAA AirVenture show, logging what it says was the longest-ever flight by a hybrid-electric aircraft.

The South Korean automotive group is developing an eVTOL aircraft through its Supernal subsidiary.

Vertical is working to bring its four-passenger eVTOL aircraft into commercial service in 2025.

The German electric eVTOL developer has signed agreements with Helity Copter Airlines, ASL Group, and AAP Aviation to build eVTOL networks in southern Spain, Benelux, and Norway, respectively.

Halo Aviation has agreed to be a launch customer for Eve's urban air traffic management software.

VoltAero has selected Safran’s EngineUs 100 electric motor to power its Cassio 330 prototype, and the company is partnering with Thales to implement airborne data collection and computing solutions for its Cassio family of hybrid-electric aircraft.

Parker and Eviation have entered the design phase for the production and certification phase of the nine-seat Alice.

The German company was acquired by eVTOL aircraft developer Joby Aviation, which has yet to say whether it intends to use the hydrogen propulsion systems for its own vehicles.

Shocks to the global economy partly explain the "stark" decline in declared backing for eVTOL start-up companies but investment for sustainability technology is still flowing.

Supernal and EP Systems formalized their new partnership on July 20 during a ceremony at the Farnborough International Airshow, where Supernal had a cabin concept for its SA-1 eVTOL on display. 

The hydrogen-electric aircraft developer ZeroAvia has raised an additional $30 million from new investors, the company announced July 20 at the Farnborough International Airshow.