Trending News: German multinational automotive corporation, has invested in a startup EVTOL Aircrafts
The notion of an air-taxi is creating a massive amount of buzz across the world. Various startups have made huge investments in venture capital funding due to which the race to invent novel developments in the air-taxi technology remains highly competitive. There are various businesses contributing to the new future of urban transportation that is eVTOL (electric vertical take-off and landing aircraft) aircraft, a novel type of technology that can help us move faster, without producing noise and with self-directed aerospace features. Airbus, an international forerunner in the aerospace market believes that the eVTOL aircraft industry will one day outshine its current $70 billion business with many different ongoing developments in the industry. Why are eVTOL Aircrafts in Demand? There is, at present, a race to develop the first air-taxi provision using the eVTOL technology. After the invention of consumer drones and batteries with enhanced capacity, an eVTOL having the potential to car