Air Taxi Startups Ready for Takeoff as Backing Soars to Record: FT

(AF) More than $4.3 billion has been invested in air taxi startups this year – a record – through venture funding and SPACs, according to the Financial Times.

The influx of capital has helped lift backing of all future-mobility proposals, including drones, by 83% to more than $10.4 billion, the report stated, citing a study by researcher McKinsey. Among air taxi startups, Lilium, Archer Aviation and Vertical Aerospace are preparing to go public this year, it added. Full report: Financial Times.

Also on AF:
Hyundai and General Motors take plunge into electric air taxis

Tags: Batteries

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.