The Air mobility space (VTOL and STOL) seems to show an uptick in activity. Briefly, VTOL โ Vertical Take-Off and Landing means an aircraft can lift off and land vertically without a runway. STOL โ Short Take-Off and Landing refers to aircraft that need only a short runway. โ๏ธ Active participation visible from investors and government - - Nov 24: The E-Plane Company raised $14 M in a Series B round. - Mid-Jan 25: Sarla Aviation secured $10 M in funding from Accel. - End-Jan 25: ET reported โ US based Archer Aviation is likely to launch India operations via a joint venture next year. - End-Jan 25: Directorate General of Civil Aviation (DGCA) established six working groups to address various aspects of advanced air mobility. - Feb 25: Indian railways announced partnership with IIT Madras for Air Mobility The Latest ๐โ Deepinder Goyal pumped $20 M in LAT Aerospace. W.E.F. and our Ministry of Civil Aviation released an interesting report 'Skyways to the Future', outlining India's Air Mobility Roadmap โคต๏ธ
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