funding

Researchers with the Rand Corporation find that the Air Force’s Agility Prime program is not delivering results for itself or its partners.

Researchers believe the space agency is prioritizing short-term wins and commercial arrangements over the personnel and technology that power it.

Lieutenant Governor Garlin Gilchrist announces that Beta Technologies, Skyports, Traverse Connect, and Michigan Central will receive fresh funding.

The manufacturer has now received a total of $47 million in British government grant funding, which it will use to develop its next-generation propellers.

The series B round brought the company’s total funding raised to date to $145 million, supporting development of the ES-30 regional airplane.

CEO and majority owner Stephen Fitzpatrick is putting his own money into the firm, which is expected to give it cash on hand through mid-2025.

The hydrogen-electric propulsion developer raised funds, including from the U.K. Infrastructure Bank, to support certification and scaling of its technology.

The artist turned entrepreneur will also train to become one of the first pilots of Jetson One, the company’s flagship aircraft.

Short-term capital infusion is expected to help cash-strapped, on-demand private aviation firm avoid bankruptcy.

Archer finally got a monkey off its back, settling its litigation with Wisk Aero and turning its former foe into a key collaborator.