Aircraft
XTI Reaches Terms on New Investment in TriFan 600 eVTOL
XTI stands to receive up to $29 million in new investment for its TriFan 600 eVTOL aircraft.
XTI Aircraft is developing the TriFan 600 aircraft for longer range eVTOL flights of up to 1,200 miles.
XTI Aircraft is developing the TriFan 600 aircraft for longer range eVTOL flights of up to 1,200 miles.

XTI Aircraft Company this week announced a term sheet agreement for an undisclosed lead investor to provide between $17 million and $29 million in fresh investment for its TriFan 600 hybrid-electric vertical takeoff and landing (eVTOL) aircraft. Subject to the completion of due diligence, the deal, which involves a combination of equity and convertible debt, is due to be closed in January.