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Lilium air taxi prototype undergoing assembly in Germany
Air Taxi

Lilium Air Taxi Maker Faces Insolvency: A Shift in the eVTOL Landscape

Lilium, the German air taxi pioneer, is ceasing operations and declaring insolvency due to funding issues. Despite progress in developing eVTOL aircraft, the company couldn't secure necessary capit...

air taxiToyota investing in Joby Aviation for electric air taxi development.

Toyota Invests $500 Million in Joby Aviation for Air Taxi Development

Toyota is boosting its investment in Joby Aviation by $500 million to accelerate the development of electric VTOL aircraft for ride-hailing services. This brings Toyota's total investment to $894 m...

Air TaxiArcher's Midnight eVTOL aircraft preparing for takeoff in Los Angeles

Archer Air Taxi Service Set to Launch in Los Angeles by 2026

Archer announces plans for an air mobility network in Los Angeles, aiming to reduce traffic congestion by using vertiports across the city. Launch anticipated by early 2026, pending FAA approval.