Supernal’s decision to pause work on its eVTOL aircraft is a signal that the sector is entering a different phase. Hyundai created Supernal with strong funding, a long timeline, and a clear plan to bring a five-seat air taxi to market around 2028. If a global automaker with significant resources … [continued]
For several years there have been a couple of parallel slow motion failures in the making, the use of hydrogen in transportation and the Jetsons’ fantasy of air taxis zipping over cities. Neither were based in economic, regulatory, or technical reality, preferring instead to have vast sums of governmental and … [continued]
Electric aviation is a fascinating topic. And when we talk about electric aviation, we’re typically talking about vertical take-off and landing (VTOL) aircraft of course. There’s been a lot of interest and hype around electric VTOL aircraft for the past several years, but no one’s really using them yet — … [continued]
On June 24, 2024, Joby’s hydrogen-electric technology demonstrator aircraft completed a 523-mile flight above Marina, California, with no in-flight emissions except water. Hydrogen-electric program builds on technology developed by Joby subsidiary H2FLY, acquired in 2021, and forms part of Joby’s future technology roadmap; Joby’s hydrogen-electric, vertical take-off and landing demonstrator … [continued]
A hydrogen fuel cell eVOTL demonstrator from the US firm Joby has achieved a flight of more that 500 miles, emitting only water vapor and no greenhouse gases.
Joby signs definitive agreement with government of Dubai Agreement grants Joby exclusive right to operate air taxis in Dubai for six years Service set to launch by early 2026 Agreement covers regulatory approach for early operations and includes support for entry and maturing of service Joby also signed agreement with … [continued]
I just wrote the other day about the first electric vertical takeoff and landing (eVTOL) aircraft to fly in Florida skies, which was also the first to fly from a major international airport in the US. We’ve got another first in the industry now. A Joby eVTOL aircraft has become … [continued]
The takeaway here shouldn’t be that cleantech firms are high risk and over valued. The takeaway is that unscrupulous people found a way to fleece a lot of investors of a lot of money via SPACs.
70% market cap loss. 7 of 16 facing investor lawsuits. That’s the world of cleantech SPACs in a nutshell. Caveat emptor.
If you are an urban planner or policy maker engaged with urban air mobility, be aware that the bloom is distinctly off this rose, cut your losses, and pivot to regional air mobility.
