Revolution.Aero

Air medical operator Metro Aviation, Inc. has placed a deposit-backed order for up to 20 of BETA TECHNOLOGIES’ Alia eVTOL aircraft. Metro, which is one of the world’s largest traditional air medical operators, plans to integrate BETA’s aircraft into its exiting network to carry out both inter-hospital and scene transports. Today, the firm operates 170 aircraft for 42 programmes across 27 states in the US. “We are all about the relationships we have with our partners,” said Metro’s vice president and co-owner Todd Stanberry.  “Yes, we believe BETA has the superior product in the eVTOL space, and they are taking the right approach to entering the market, but most importantly, they genuinely care about our opinion and everyone checks their ego at the door.” “We originally designed Alia with organ and tissue transport in mind, so we are excited to complement that mission with Metro and its family of healthcare providers across the country,” said Kyle Clark, BETA’s founder and CEO. Read full: https://lnkd.in/eJitMAes

This is your final chance to secure a discount for Revolution.Aero San Francisco 2024. Save over $300 per ticket. Hear from over 60 leaders in the future of flight and network with over 250 attendees changing the way we fly. Check out the latest agenda and secure your tickets below. https://lnkd.in/eUdZMriX #RevSF #FutureofFlight #eVTOL

One month to go and your final chance to secure a discount for Revolution.Aero San Francisco. Our early bird rate, this being the last chance to save over $300, ends this Friday 8th November. There is still plenty of time to join over 200 senior dealmakers and decision-makers in the future of flight. Join them, before it is too late. https://lnkd.in/eUdZMriX

Eve Air Mobility has completed an urban air traffic simulation in Brazil’s capital São Paulo in partnership with Omni Helicopters International and its subsidiary Revo. The simulation, which used Revo’s helicopters and Vector, Eve’s Urban air traffic management (Urban ATM) software product, took place at Revo’s operations control centre in late October. Shadowing helicopter operations, Vector simulated the management and tracking of eVTOL operations in an urban environment. “This simulation reinforces Eve’s efforts to introduce eVTOL flights to metropolitan areas and provide communities with an additional mode of transportation that is safe, sustainable, and efficient,” said Eve CEO Johann C. Bordais Bordais. Jeremy Akel, CEO of OHI, said: “We see ourselves as a provider of aerial mobility solutions, with innovation in our DNA. As the leader in Latin America in offshore transportation, we aim to be pioneers in adopting new technologies and helicopter models.” “eVTOLs are the future of air mobility. They will make flights more sustainable and easily available. To make this a reality, we must develop the ecosystem and required infrastructure,” said Joao Welsh, CEO of Revo. Read full: https://lnkd.in/euJ2Rntx

We are delighted that Megha B., Eve Air Mobility will be joining us at Revolution.Aero San Francisco for a Fireside Chat. She will be discussing Eve's latest developments with their aircraft design, their latest loan investments and their ongoing work on the overall AAM ecosystem, as well as much more besides. With a month to go until the event, everything is building nicely for a fantastic gathering of aviation leaders developing the latest technology to transform how we think of aviation mobility. There is still time to book your tickets, so book your place here: https://lnkd.in/etA4zTvg #AAM #RevSF #eVTOL #UAM

If you’re a new company and you’re not in AI or defence tech, chances are it has been tougher to find investors willing to deploy their capital this year than it has been for the past five. The capital markets are in the midst of a macro contraction – a byproduct of economic changes, rising interest rates and adjustment following the rapid pace of capital deployment into startups in 2020 and 2021. I sat down with Peter Shannon from Radius Capital Ventures and Brian Flynn from DiamondStream Partners to get their take on the market in its current state. Read full: https://lnkd.in/epGc66g5

We are thrilled to welcome PteroDynamics Inc. as a Sponsor of Revolution.Aero San Francisco 2024 📣 Thank you to Brian G N., John Sommerfield and Matthew GRACZYK and the PteroDynamics Inc. team for your support. Looking forward to welcoming over 300 senior execs on December 4th & 5th. Tickets available online via our website: https://lnkd.in/etA4zTvg #revSF #futureofflight #pterodynamics

BETA TECHNOLOGIES has raised $318m from its Series C funding round led by the Qatar Investment Authority. BETA has now raised more than $1bn in equity capital to date. The oversubscribed round saw several of BETA’s largest investors, including Fidelity Management And Research Company and TPG Rise Climate, increase their ownership in the company. Long-time customer United Therapeutics Corporation also joined the round as an investor. Mohammed Al-Sowaidi, chief investment officer for the Americas at Qatar Investment Authority (QIA), said: “At QIA, we seek out companies that are well positioned to become category leaders by addressing critical challenges with innovative solutions. BETA is a leader in the electric aviation market and our participation in this funding round is fully aligned with QIA’s efforts to invest in companies making the energy transition a reality.” “This investment validates progress and milestones towards commercialising electric aviation,” said Kyle Clark, BETA’s founder and CEO. “For years, we’ve flown across the country and deployed with partners to prove the safety and reliability of our aircraft and chargers.” Read full: https://lnkd.in/eGhwVZ9q

The amount of capital required to commercialise and manufacture new aircraft is not insignificant, to put it mildly. Getting access to this capital is not straightforward as private capital might have the funds but not the appetite considering the long timelines and the risk profiles. This is where blended finance can help provide security and flexibility in emerging spaces. We are delighted that David Fiore, Export-Import Bank of the United States and James Anthony Wolff, Warshaw Burstein, LLP will be joining us in San Francisco to discuss this fascinating topic. Make sure you join us on the 4th-5th December at the Grand Bay hotel to find out all the latest developments and meet fellow leaders moving the dial on how mobility works in aviation. Book here: https://lnkd.in/etA4zTvg hashtag #AAM #blendedfinance #capital #mobility #RevSF

Xplorate has successfully completed the inspection of a 550km export pipeline under the largest beyond visual line of sight (BVLOS) approval in Australia. In doing so, the Perth-based aerial intelligence firm believes it has delivered a “world-first”. Teams on the ground in Queensland successfully completed the pipeline inspection using RPAS (Remotely Piloted Aircraft System) technologies developed by SwissDrones. The inspection was conducted for a commercial customer just months after Xplorate received Australia’s Civil Aviation Safety Authority (CASA) approval for it to operate over 500km BVLOS. The approval is one of the longest in the world, and is a significant increase on the previous Australian approval of 330km. Founder and CEO Ronnie Fahy said: “The successful delivery of this project marks a new era for this industry and many others. “For the first time, asset integrity can be approached proactively, meaning asset owners don’t have to wait for things to go wrong then suffer the domino effect of shutdowns, delays and diagnosis before addressing an issue.” Read full: https://lnkd.in/eTQXyJgq