SPACtacular Financing: Billions Coming for eVTOL
- 24 Feb 2021 04:13 PM
- 2
A year after the electric vertical takeoff and landing (eVTOL) aircraft industry saw its first start-up valued at more than $1B (see “The First Electric VTOL Unicorn: Joby Aviation,” Vertiflite, March/April 2020), a growing number of companies across the advanced air mobility (AAM) industry are looking to merge with a Special Purpose Acquisition Company (SPAC) that is already publicly traded to raise the funds necessary to bankroll future growth.
