Venture Capitalists Jump on JoeBen’s Bandwagon

Dean Sigler Electric Powerplants, Sky Taxis, Sustainable Aviation 0 Comments

People waste billions of hours sitting on roads worldwide each year. We envision a future where commuting by eVTOL (electric Vertical Takeoff and Landing) is a safer, faster, and cost-competitive alternative to ground transportation. We have spent the last ten years developing the technologies that have made our full-scale technical demonstrator possible and are now ready to build a commercial version of the aircraft. We’re excited to have attracted the backing of leaders in auto manufacturing, data intelligence, and transportation sectors. —Joby Aviation founder and CEO JoeBen Bevirt (Green Car Congress) A Knack for Making and Attracting Money That backing came February 1st in “funding from investors including Intel Capital, Toyota AI Ventures, JetBlue Technology Ventures, and Capricorn Investment Group, a …

Zunum Designs Electric Power Trains with a Software Approach

Dean Sigler Electric Powerplants, Hybrid Aircraft, Sustainable Aviation 0 Comments

Zunum is a startup electric airliner firm, helmed by former leaders in aerospace, electronics and software companies.  It’s no surprise, then, to see their design and manufacturing efforts following a path that blends those disciplines. Aviation Week reports Zunum just received an $800,000 matching grant from Washington State’s Clean Energy Fund, “its size proportionate to funding already raised from Boeing HorizonX and JetBlue Technology Ventures.”  It’s also the second largest of five such awards.  Zunum CEO Ashish Kumar describes the grant as, “a significant amount, a significant endorsement and a significant investment at a national level in electric aviation” that “supplements funds from out-of-state sources and will go toward prototype building.” Zunum presses forward on an aggressive schedule, with plans to certify its …