MARKET UPDATE - 25/01/2022 - ⚡️ ELECTRIC ✈️ AVIATION
VIDEO ANALYSIS - DEEP DIVE
AURA AERO & ELECTRIC POWER SYSTEMS
EVTOL / ADVANCED / URBAN AIR MOBILITY (UAM / AAM)
BOEING | WISK
Boeing followed-on an earlier investment into Wisk with an additional $450m USD to support growth, commercialisation and production of the Kitty Hawk spin-out's two-seat Cora pilotless eVTOL (via Wisk).
SUPERNAL | URBAN AIR PORT
Hyundai Group's Urban Air Mobility (UAM) subsidiary Supernal will take a minority stake in British vertiport developers Urban-Air Port. The new investment (of an undisclosed amount) will be used to support the development of some 200 vertiports worldwide, over the next five years (via Bloomberg).
Dornier Seawings announced the acquisition of the two-seat amphibious light sport Flywhale FW650 from Uniplanes GmbH. The aircraft will be marketed as the DS-2C and will also be used "...as a research platform to enter the ‘advanced air mobility’ segment and to present the DS-2C-X-eVTOL, the world’s first amphibious eVTOL jet" (via Dornier Seawings):
LIFT AIRCRAFT | PARALLEL FLIGHT TECHNOLOGIES
LIFT Aircraft's HEXA eVTOL could see endurance extended from 15 to around 60 minutes, following an agreement to work on a hybrid powertrain solution, together with Parallel Flight Technologies (via EIN).
Chinese eVTOL startup Autoflight announced the establishment of an "R&D and Certification Center" at Augsburg Airport in Germany. Headed by Mark Henning - a former programme manager at Airbus Helicopters - the European unit is tasked with achieving EASA certification for the company's Prosperity I air taxi by 2025 (via Autoflight).
CITY OF HAMBURG
UK-based global vertiport developer Skyports have completed the acquisition of a heliport in the East of London close to the Canary Wharf financial district. Re-branded as Skyports London Heliport it'll continue to serve the helicopter market into the "mid-2020s" by which point the company aim to have equipped the facility to "enable the operation of fully-electric eVTOL aircraft" (via Skyports):
SECURE PARKING | SKYPORTZ
AGILITY PRIME | KITTY HAWK
A USAF pilot remotely flew a Kitty Hawk Heaviside aircraft in California (as part of the AFWERX Agility Prime programme), reported to be the first such flight of an eVTOL by a US government employee (via AFWERX):
GE AVIATION | MOSAIC ATM | SMARTSKY NETWORKS
GE Aviation are working on a NASA Innovation Award project to connect Flight Management Systems (FMS) and Air Traffic Management (ATM) for use in Advanced Air Mobility (AAM) applications (AAM). GE's 'TrueCourse' FMS is being integrated with technologies from Mosaic ATM and SmartSky Networks on the project (via SmartSky Networks).
Swedish startup Jetson Aero are reportedly fundraising, having sold over 100 units of their $92,000 USD personal eVTOL in just two months and fielded another "3,000 purchase requests." Buoyed by millions of views of their launch video (and a recent mention on the Joe Rogan podcast) the company have attracted the backing of Swedish Silicon Valley veteran and angel investor Rikard Steiber who'll support their growth and help bring in new capital (via SUAS):
SMALL PROPELLER, COMMUTER (19-SEATS OR LESS)
AURA AERO | ELECTRIC POWER SYSTEMS
ELECTRON AEROSPACE | FLYONE
Aspiring Australian electric aviation network operator FlyOnE have placed an order with Anglo-Dutch aircraft manufacturer Electron for 28 of their (proposed) 750km range Electron 5 aircraft for operations in Western Australia (via Airline Ratings):
ELECTRA AERO | LOCKHEED MARTIN
eSTOL specialists Electra Aero have received an undisclosed amount of Series A funding from Lockheed Martin Ventures. The cash will be used to support plans to begin full-scale flight testing of a hybrid, eSTOL demonstrator aircraft this year (via PR Newswire):
MOORE BROTHERS | REGENT CRAFT
Californian autonomous flight company Reliable Robotics will launch their own Part 135 cargo airline subsidiary and start crewed operations this year, aiming to then phase in remotely piloted operations as certification permits (via BusinessWire).
REGIONAL AIRCRAFT / MW+
ELECTRIC AVIATION GROUP
Electric Aviation Group have spun-off a separate company - Smart Megawatt Stack (SMS) Fuel Cell Systems "to develop and commercialise Megawatt-class fuel cell stack systems for aerospace and non-aerospace applications" (via EAG).
24M | ARPA-E
US "SemiSolid" lithium-ion battery cell specialists 24M have received $9m USD from the US Department of Energy's Advanced Research Projects Agency (ARPA-E) "to develop and scale next-generation high energy density lithium metal anode cells for electric aviation". They'll setup a pilot production line and plan "a clear path to gigascale production capacity" (via BusinessWire).