Aircraft
Cash Crunch Forces Consolidation among eVTOL Contenders
Lilium, Volocopter, and Airbus all now appear to be out of the advanced air mobility running
Joby eVTOL in New York City
Joby Aviation is about to embark on the latter stages of flight testing to achieve FAA type certification for its four-passenger eVTOL aircraft.

The long-anticipated consolidation in the crowded, and some say over-hyped, advanced air mobility (AAM) sector appears to have gathered momentum since late last year. In the U.S., little has been heard from many of the players vying for attention over the first half of the 2020s, but the most visible signs have been the collapse in funding for former European eVTOL aircraft frontrunners Lilium and Volocopter.

Developers of eVTOL aircraft have made some inroads into the rotorcraft sector with operators such as Bristow, Air-Dynamic, Blade, Omni, and Helisul having signed provisional purchase agreements with several companies, including Eve Air Mobility and Beta Technologies.