Jaunt Air Mobility

Certifying an electric vertical-takeoff-and-landing air taxi is prohibitively expensive. With markets tight, some startups are changing course.

The AAM industry has endured a tough couple of years, during which capital markets have mostly dried up for all but the most bullish market leaders.

With a vast population, fast-growing middle class and stifling urban congestion, India looks ripe to be a major early launch market for UAM services.

Jaunt Air Mobility has confirmed plans to sell its quarter-scale air taxi technology demonstrator as a standalone product.

Beta Technologies has opened an engineering center in Montreal to support design, certification and production of the structure for its Alia eVTOL aircraft.

Merging with blank-check company Kernel Group Holdings will generate funds for development of the Jaunt Journey eVTOL air taxi.