AKER BP ADJUSTS INVESTMENTS AMID COV-19 CRISIS
Aker BP is updating its investment program and financial framework in order to secure additional financial optionality in response to the high uncertainty...Read More+
Israel’s Urban Aeronautics, the pioneering hydrogen/electric-powered vertical take-off and landing (eVTOL) developer, who recently announced its partnership with the Boeing Company, now joins forces with Asia’s tech-powered urban air mobility service Ascent Flights Global Pte. Ltd (Ascent), to bring the eVTOL CityHawk to market. The founding team met as co-workers in an investment group, REAPRA, which provided venture building and investment support to develop Ascent. Co-founded in 2018, Ascent is based in Singapore, with operations in the Philippines.
Urban Aeronautics has been building the next generation of flying vehicles since 2001.
With its success in the development of the Cormorant, an unmanned VTOL aircraft built for a variety of military, civil and emergency response missions, Urban Aeronautics is now setting its sights toward the manned civilian market through commuter air taxis, and emergency medical services (EMS). With the recent announcement of its partnership with the Boeing Company, Urban Aeronautics now joins forces with Ascent to accelerate the commercialisation of its hydrogen/electric-powered vertical take-off and landing (eVTOL) aircraft, the CityHawk. CityHawk has a uniquely small footprint the size of a large SUV and yet has a seating capacity for up to six passengers. This combination maximizes the efficiency of vertiports and increases passenger traffic laying a foundation for a genuine mass transit solution.
Ascent is Asia’s first technology-powered urban air mobility service that enables users to avail of helicopter flights by the seat today, and eVTOLs in the future, to skip the traffic between activity hubs like international airports, central business districts and popular leisure destinations to regain control of their time in traffic-congested cities.
This new business model allows users to experience seamless urban mobility through the skies on fuel-efficient flights, from US$150 per seat, a rate up to ten times more affordable than traditional chartering. Despite this innovation, urban air mobility is predicted to become even more affordable and environmentally sustainable with eVTOLs, a less expensive aircraft to produce, maintain and operate, relative to helicopters. Recent studies project that unmanned autonomous air taxi services could bring the price as low as $2 per mile.
“As we continue to advance on our development and look toward commercial flights within a few years, we are eager to work with Ascent. Thanks to Ascent’s unique operational experience, and growing footprint, we are now able to enrich our aircraft design and commercialisation approach, based on direct market insights. With this partnership, Urban Aeronautics can make an aircraft for the customer, with the customer,” says Dr. Rafi Yoeli, CEO of Urban Aeronautics.
(Source and image: Urban Aeronautics)
Total, through Total Quadran - its 100% renewable developer and producer in France, acquires 100% of Global Wind Power (GWP) France, a company with...Read More+
The Estonian development company Fermi Energia is currently conducting a pilot study to investigate the possibility of building a small modular reactor,...Read More+
In 1961, the drilling barge CUSS I made scientific history when it was used to drill into the sea floor to get core samples of the earth’s never-before-penetrated...Read More+
Bassoe analysts commented on the actual floater market: “There is little to be excited about in the floater market. Uncertainty in the oil market...Read More+
Oklo Inc. announced its submission of the first combined license application (COLA) for an advanced reactor to the Nuclear Regulatory Commission (NRC)....Read More+
SPT Offshore based in The Netherlands advised that Chinese energy projects are planned to be executed starting next month. The oil & gas field...Read More+
French energy giant Total has signed an agreement with the developer Simply Blue Energy to acquire 80% stake in the pioneering floating wind project...Read More+
Urban air mobility (UAM) infrastructure developer Skyports has secured an extra tranche of investment, bringing total funding for the UK start-up to...Read More+
There may be plenty of news about flights, but one small French airline has quietly gone and broken a host of world records. As an unexpected consequence...Read More+
i3 Energy, based in UK, has entered into a drilling contract with Dolphin Drilling to utilise either the Borgland Dolphin or Blackford Dolphin semi-submersible...Read More+