Toyota To Invest $500 Million In U.S. Electric Flying Car Maker Joby Aviation
Joby Aviation is also backed by Uber, SK Telecom, Intel Capital and Baillie Gifford.
www.forbes.com
I suspect it's more a case of they get so far on gosh-wow funding, and then start having to appeal to more business-oriented venture-capitalists (as opposed to the ones willing to throw $100m at something because it looks cool), at which point they start having to answer due-diligence questions such as "Has anyone in your C-suite ever run an actual company as opposed to a start-up?"All these companies bring on more and more high-profile staff/directors and the like and lose focus of what got them going in the first place.
Continual email updates I get from them are more about who has joined rather than how they are going.
Most of them come from the established airline industry and we all know how well that works.
Hic Rhodus, hic salta.I suspect it's more a case of they get so far on gosh-wow funding, and then start having to appeal to more business-oriented venture-capitalists (as opposed to the ones willing to throw $100m at something because it looks cool), at which point they start having to answer due-diligence questions such as "Has anyone in your C-suite ever run an actual company as opposed to a start-up?"
I don't think they're quite there yet (though close). This way they cut their outgoings as low as possible while trying to find investors or sell the IP. Tough for the staff, though.Air taxi firm Lilium's shares plunge 52% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.www.cnbc.com
Looks like the end of the line.
Toyota To Invest $500 Million In U.S. Electric Flying Car Maker Joby Aviation
Joby Aviation is also backed by Uber, SK Telecom, Intel Capital and Baillie Gifford.www.forbes.com
Every time I see those tiny fans I'm puzzled how this was seriously considered a good solution for VTOL. However, it may be well suited for STOL operations. I still hope we will see the final version flying... maybe with a proper landing gear attachedAir taxi firm Lilium's shares plunge 52% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.www.cnbc.com
Looks like the end of the line.
In Lillium’s 2015-6 configuration the wing was at the rear with no forward lifting surface, so it would have just tumbled end over end. It struck me as drawn by a school child who hadn’t done basic engineering mechanics, except it came from recently graduated engineer that got a first from a prestigious German Ackeflug (Aero University). How did such an obviously flawed concept attract its initial seed corn funding? a fair bit of came from the EU taxpayers via ESA?Every time I see those tiny fans I'm puzzled how this was seriously considered a good solution for VTOL. However, it may be well suited for STOL operations. I still hope we will see the final version flying... maybe with a proper landing gear attached
Boeing’s subsidiary, Wisk Aero, is actually working on said autonomous flying taxi system, and it recently managed to land a Stage 2 G-1 issue paper, according to a report from KING 5 in Seattle. The paper in question, the report noted, “…lays out airworthiness and environmental regulations,” and represents a “big milestone.”
While the vehicle is autonomous, it will not be left alone. Flights will be monitored from the ground
They were all post-grads at TU Munich, but without any experience from an aerospace company.In Lillium’s 2015-6 configuration the wing was at the rear with no forward lifting surface, so it would have just tumbled end over end. It struck me as drawn by a school child who hadn’t done basic engineering mechanics, except it came from recently graduated engineer that got a first from a prestigious German Ackeflug (Aero University). How did such an obviously flawed concept attract its initial seed corn funding? a fair bit of came from the EU taxpayers via ESA?
In Lillium’s 2015-6 configuration the wing was at the rear with no forward lifting surface, so it would have just tumbled end over end. It struck me as drawn by a school child who hadn’t done basic engineering mechanics, except it came from recently graduated engineer that got a first from a prestigious German Ackeflug (Aero University). How did such an obviously flawed concept attract its initial seed corn funding? a fair bit of came from the EU taxpayers via ESA?
They should have understood disc loading hover efficiency partThey were all post-grads at TU Munich, but without any experience from an aerospace company.