🌍 The Advanced Air Mobility (AAM) Market Readiness Radar update is in! This time, we take a closer look at the funding environment.
As we leap into 2024, our latest radar analysis showcases significant strides in the technology dimension indicating a maturing AAM landscape. However, challenges in funding persist. 💸
It's time for the industry to address these barriers collectively to unlock the full potential of AAM.
You can find our financial AAM analysis here:
➡️ https://lnkd.in/dm3EzmGe
What are your thoughts on accelerating market readiness?
Joby AviationArcherLiliumVertical AerospaceEve Air MobilityVolocopterWiskEHang (NASDAQ: EH)BETA TECHNOLOGIES#AAM#AdvancedAirMobility#eVTOL#Funding#Tech
As it is becoming all the more apparent, it's taking more money and time than optimists had imagined to bring new #eVTOL aircraft to market. Vertical Aerospace and Lilium are the most prominent example of those now struggling, but credit to them for putting on a brave face and focusing on what they can control, such as progress with development work and flight testing. Frontrunners with far deeper pockets, of which Archer and Joby Aviation are the most prominent articles, are also now adopting a more cautious tone with projections about when type certification and service entry will be achieved (and when revenues will flow). Check out the reality check from Sergio Cecutta in this story (yes, you have to read right through to the end!): https://lnkd.in/etvDmvDm
A decade ago, we witnessed UAS commercial companies backed by #VC that came in hot with typical timelines-to-market and subsequently were forced to shut down ops when ROI “failed”.
We’re seeing this same scenario play out now with different manufacturers and VC sources making similar mistakes setting entry into service (EIS) dates prematurely.
How do we help investors to better understand the aviation ecosystem, redefine ROI strategies, and improve their collective chances for success?
‼️Aviation is a longer “Long Game”.
We, the aviation community, have a massive reservoir of historical knowledge and experience that has evolved over 70+ years. The way we think about timelines for EIS organically considers not just compliance with current policy but also the process for getting after something new.
It’s not realistic to just assume “they’ll figure it out”.
… No, most won’t without unrecoverable failures.
These newcomers hail from a world that is fast-paced, takes big risks, fails early, then moves the money to the next thing.
Literally, and rightfully by design, the polar opposite of the aviation safety and security culture. I wouldn’t want my mom on any aircraft that wasn’t born of or accepted by the US aviation culture. It’s proven to be the absolute right path.
Those leading the way right now like Joby Aviation and Archer have tapped into aviation tribal knowledge sources and are successfully learning, adapting, and evolving. Likewise, BETA TECHNOLOGIES is following their own immersion path that embraces the joy of aviation similar to how Southwest Airlines paved their own path in their early days: still steeped in aviation safety and security culture, yet a business model that better suits how they want to serve the public.
What makes them each successful is they’re all open to adjustments and thinking differently.
Meanwhile, aviation is still learning. That’s the pain we feel right now - how aviation “learns” in today’s world *without* waiting for fatal events.
We don’t have to learn some things through failure anymore. The Federal Aviation Administration has figured out how to safely and securely operationalize new platforms and missions in new and different ways.
🔑 Aviation safety and security isn’t allowed to fail. We can do better educating those who may be one or two steps removed from the operations and more involved in the back-end resourcing. #ittakesavillage
Thank you, Charles. I feel better 😊
#uas#utm#publicsafety#drones#faa#dronesforgood#dfr#science#research#dronesasfirstresponders#cuas#AAM#lawenforcement#federalaviationregulation#airspace#aircraft#aviation#bvlos#dronetech#dronedata#aviationdata#sms#aviationsafety#aviationrisk#nationaldefense#dod#dhs#doj#blueuas#homelandsecurity#collaboration#partnerships#diversity#dei#womenhelpingwomen#leadership#strategy#meaningfulintelligence#auvsi#cda#globalautonomy
As it is becoming all the more apparent, it's taking more money and time than optimists had imagined to bring new #eVTOL aircraft to market. Vertical Aerospace and Lilium are the most prominent example of those now struggling, but credit to them for putting on a brave face and focusing on what they can control, such as progress with development work and flight testing. Frontrunners with far deeper pockets, of which Archer and Joby Aviation are the most prominent articles, are also now adopting a more cautious tone with projections about when type certification and service entry will be achieved (and when revenues will flow). Check out the reality check from Sergio Cecutta in this story (yes, you have to read right through to the end!): https://lnkd.in/etvDmvDm
Vertical Aerospace Unveils Strategy to Lead eVTOL Development by 2030 >> https://hubs.la/Q02YvcYw0
Vertical Aerospace has announced "Flightpath 2030," the company’s strategy for eVTOL market leadership before the end of the decade.
As Vertical advances its piloted flight test program, which has entered into Phase 2, "Flightpath 2030" sets a clear route for the company’s journey from prototype to production.
"The strategy and goals we are unveiling today provide a new level of detail on how exactly we intend to get there – the best team, delivering the safest and most versatile aircraft, with the most compelling business model in the industry." - Stuart Simpson, CEO at Vertical Aerospace.
Read more on the AAMI website 🔗
Vertical Aerospace
Lilium Enters U.S. Market with Galaxy FBO Partnership in Houston
Lilium, the German eVTOL developer, is officially expanding into the U.S. market through a partnership with Houston-based Galaxy FBO. The partnership will make Galaxy FBO’s facilities at Houston Hobby, Conroe North Houston Regional Airport, and The Woodlands Heliport key infrastructure for Lilium's operations in Texas. Jeremy Gee, CEO of Galaxy FBO, shared his excitement about turning the facility into a cutting-edge hub for eVTOL technology, propelling Houston into the future of sustainable transportation.
Houston’s EMCJET has also secured Lilium production slots and will be involved in customer deliveries starting in 2026. Memo Montemayor, CEO of EMCJET, emphasized that the Lilium Jet’s combination of luxury, safety, and sustainability is exactly what their clients demand.
The Greater Houston Partnership is collaborating with Lilium and Galaxy FBO to engage policymakers and industry leaders in this groundbreaking initiative.
How do you think will Lilium’s eVTOL technology reshape air mobility in Houston?
Read the full story here:
https://lnkd.in/gfvKbu7a#Lilium#eVTOL#GalaxyFBO#Aviation#Sustainability#AirMobility#Houston#ElectricAviation#Innovation#AdvancedAirMobility#ElectricAircraft
Are you driving innovation in the future flight sector? The journey from prototype to scale is challenging, but you don’t have to navigate it alone.
Join us for the “Guidance for Future Flight Innovators and Scaleups – PAS 1905” webinar on 27 November 2024, from 10:00 - 11:15 GMT.
This free session will equip you with the knowledge to confidently bring your innovations to market and scale successfully.
Discover three highlights from the webinar 👇 and reserve your free seat today: https://lnkd.in/eWau9mps#BSIWebinar#FutureFlight#AirMobility#Innovation#ScaleupSuccess#Aviation
Vertical Aerospace “Wins Notable Accolade at ATI’s 2024 Aerospace Technology & Innovation Awards.”
UK-based Vertical Aerospace was presented last week with the ‘Shaping the Future Award’ by Britain’s Aerospace Technology Institute at the Technology & Innovation Awards 2024, reports a press release.
This accolade “celebrates zero-carbon emissions technology being developed in the UK for future commercial aircraft types and which represents a step change in UK capability in this area,” explains the release. “Vertical won the award for its cutting-edge battery system for eVTOL aircraft.”
https://lnkd.in/eDdGfrA8#VerticalAerospace#AerospaceInnovation#ZeroCarbonEmissions#eVTOL#SustainableAviation#UKAerospace#AerospaceAwards#CleanTech#AerospaceTechnology#FutureOfFlight
