Japanese eVTOL startup SkyDrive has secured additional Series C funding through a third-party allotment of new shares to existing investor Suzuki Motor.
Japan’s SkyDrive has signed a memorandum of understanding to collaborate on heavy-lift drones with the Technology Innovation Hub on Autonomous Navigation.
Beta Technologies has applied for a $150 million loan guarantee from the U.S. Export-Import Bank to finance its electric aircraft manufacturing facility.
SkyDrive of Japan has formed a production subsidiary to build its electric SD-05 eVTOL aircraft at a Suzuki Motor company manufacturing plant starting in 2024.
SkyDrive and JAXA have signed a joint research agreement devoted to improving noise-estimation technology for electric vertical-takeoff-and-landing aircraft
The financing comes as SkyDrive works to certify its aircraft in time to launch commercial air taxi service for the 2025 World Expo being hosted in Osaka.