As though by magic, money from Wall Street, venture capitalists and other investors show a growing interest and cash flow in sky taxis. It started on August 11 with JoeBen Bevirt of JOBY ringing the bell that starts trading on the stock market floor. As one web site points out, it’s up to the discretion of the New York Stock Exchange (NYSE) as to who gets to ring the bell and, “Only those companies with stocks or exchange-traded funds (ETFs) listed on the exchange can ring the bell.” We’ll look at a sampling of companies making electric Vertical Take Off and Landing (eVTOL) vehicles and selling in domestic and foreign markets for an overview of what’s hot. Later, we’ll look at the inroads being made by makers of fixed-wing aerial vehicles in the nascent regional market. Archer “The closing of the business combination (with Atlas Crest Investment Corp.) generated $857.6 million of gross proceeds, which will help fund Archer’s vision …
Venture Capitalists Jump on JoeBen’s Bandwagon
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 prominent backer of Tesla and Space Exploration Technologies,” according to Bloomberg News. JoeBen Bevirt has been thinking boundless thoughts for most of his life, based on a highly creative output that includes GorillaPod flexible photographic tripods, energy-gathering kites, electric motors, …
It Flies Hands Free! Could It Be Intel Inside?
e-volo’s Volocopter VC200 made its first “manned” flight on March 30, 2016, with managing director Alexander Zosel maintaining control for a few minutes, and then letting the 18-rotor vehicle find its own way. He held both hands out the side door for several seconds to show the Volocopter was flying itself – and quite stably in hover at that. He repeated the hands-off approach later in the flight. Zosel lightly held the single control stick in the machine, controlling vertical motion through thumb movement on the video-game-type controller, lateral motion by twisting the control stick, and banking by tilting the control stick. It all seems intuitive and well harmonized. The videos show the flight and its happy aftermath. Unlike conventional helicopters that require both hands and both feet on the controls, usually in subtle motions that resemble Ringo Starr or Buddy Rich at their best, the single control stick in the VC200 is, according to all concerned, pretty intuitive. How long …