In a landmark move for aviation technology, CycloTech, an Austrian pioneer in innovative flight propulsion technology, has announced a successful 20 million Euro investment, marking a significant milestone in the development of its groundbreaking propulsion system. This investment, contributed by Breeze Invest and Konos Holding, underscores the industry’s confidence in CycloTech’s vision and its potential to redefine the future of air mobility.
A unique spectacle is set to grace the skies of the upcoming Summer Olympics in Paris, courtesy of the German tech company Volocopter. Banking on the glitz and glamour of the international sports event, Volocopter aims to debut its electric vertical take-off and landing vehicle (eVTOL), providing a tantalizing glimpse into the future of urban mobility.
Although military drones dominate the news, we are only an arm’s length away from unmanned aerial taxis. And the agricultural drone market is predicted to explode in less than half a decade. But the real question is: where are the drone stocks ?
EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced its strategic partnership with Qingdao West Coast New Area, one of China’s national new areas in Shandong province. This partnership comes with a binding US$10,000,000 equity investment and a potential additional investment of US$10,000,000 in the future.