ANALYSIS-LILIUM'S FALL THROWS SPOTLIGHT ON AIR-TAXI CASH CRUNCH
https://media.zenfs.com/en/reuters-finance.com/798436b7d19aa863217f87ce654d3ebc
✍️ The article discusses the challenges faced by electric vertical take-off and landing aircraft (eVTOL) companies, also known as air taxi makers, in achieving certification, production, and profitability.
👉 eVTOL companies have raised $13 billion since 2019, but the pace of annual investments has fallen 👉 Lilium succumbed to a cash crisis, throwing a spotlight on the challenges faced by eVTOL companies 👉 Analysts predict that billions more will be needed to achieve certification, large-scale aircraft production, and profitability 👉 Some companies are exploring other markets, such as the Middle East, where regulations may be more favorable 👉 Industry experts say that companies like Archer, Eve, and Joby are better positioned to continue operating long enough to at least reach certification
-- #AbhijithGanapavaram #ShivanshTiwary #BrianFoley #SavanthiSyth #StephanBaur #RaymondJames #StephenFitzpatrick #Germany #UnitedArabEmirates #Dubai #Europe #UnitedStates #MiddleEast #Bengaluru #Brazil #technology
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