Fuelled by €24M, UK startup gears up to put more thermal satellites in orbit

British startup SatVu has secured £20mn (€24mn) to fuel the development of its hyper-accurate thermal imaging satellites that act like a thermometer for the whole planet.  The cash injection includes…

Continue ReadingFuelled by €24M, UK startup gears up to put more thermal satellites in orbit

This startup’s microliner promises a cheaper route to electric flights

It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors…

Continue ReadingThis startup’s microliner promises a cheaper route to electric flights

Air taxi startup Vertical Aerospace extends runway with $50mn lifeline

Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup.  The UK-based company — which makes electric vertical take-off and landing (eVTOL)…

Continue ReadingAir taxi startup Vertical Aerospace extends runway with $50mn lifeline