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It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and landing aircraft (eVTOLs) is complex, notoriously expensive, and depends on lengthy regulatory processes. That’s partly why Ge
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In this article, we discuss how the key to brand success lies in not ‘chasing trends,’ but embracing an agile, data-driven approach that prioritises real-time insights and responsiveness. Connecting with consumers in a meaningful way Today’s brands, in and outside of Southeast Asia, face a constant challenge: Cutting through the noise and connecting with consumers... Read more » Read more ›
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The Dutch labour market is experiencing a persistent talent shortage, according to a new salary survey report. The research also flags that when it comes to hiring in 2025, artificial intelligence, automation, and machine learning are expected to be among the hottest functional areas companies are most likely to recruit talent for next year. In line with this, a recent study by Indeed found that over the past year, job... Read more ›
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Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL) aircraft — secured the fresh funds from its largest creditor, American debt investor Mudrick Capital. The agreement, announced Monday, includes a $50mn cash injection and a substantial debt-to-equity swap. Mudrick will invest $25mn upfront and guarantee another $25mn in future... Read more ›
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Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that charge faster and take you further. This push is driving scientists to conjure up new battery chemistries or refine old ones. Naturally, it is also spawning a new generation of startups looking to scale the next, best battery.... Read more ›
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London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge the company’s ambitions to shake up the $15bn travel tech market. What’s on the to-do list? Refining its AI tools, expanding globally, and snapping up competitors through mergers and acquisitions (it has already made four). Lighthouse’s platform crunches over 400... Read more ›
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It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and landing aircraft (eVTOLs) is complex, notoriously expensive, and depends on lengthy regulatory processes. That’s partly... Read more ›
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Most popular sources
Tech Wire Asia
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28% 21 |
Business Insider
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23% 2 |
CNET
|
8% 3 |
Eurogamer.net
|
5% 1 |
Android Authority
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4% 1 |
| View sources » | |
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28.11.2024 13:50
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