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Stock impact report

Air Taxi Funding Has Stalled Over Europe — Here's Why [Forbes]

Vertical Aerospace Ltd. (EVTL) 
Company Research Source: Forbes
Mobility services at Gimpo International Airport in Seoul in November 11, 2021, in the first ever crewed public test flight of a fully electric vertical take-off and landing (eVTOL) air taxi in South Korea. (Photo by Anthony WALLACE / AFP) (Photo by ANTHONY WALLACE/AFP via Getty Images) AFP via Getty Images Europe's eVTOL flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap. So-called flying taxis are better known as eVTOLs, or electric vertical take off and landing aircraft, and have been hovering on the horizon to disrupt urban air mobility for years — pending certification of course. But three of the biggest European players have hit financial woes of late . 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. German startup Li Show less Read more
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