The SEC has signaled there may be consequences for the highly optimistic projections being made in eVTOL air taxi and other SPAC mergers.
Wisk Aero is taking legal action against Archer Aviation, claiming that the air taxi startup stole the design of Wisk’s sixth-generation eVTOL aircraft.
Joby Aviation expects to be the first eVTOL developer to receive FAA certification and launch large-scale commercial operations with its aircraft.
The hype around electric air taxis has provided some players in the market cover fire to misrepresent their technology leadership.
Volocopter raised $240 million from investors to certify its two-seat VoloCity eVTOL and launch air taxi services in the next few years.
Joby Aviation’s leadership discussed going public and the challenges the company faces bringing its aerial transportation system to life.