Company or
Parsec ), filed a confidential S1 as a Special Purpose Acquisition Company (SPAC) with a focus on the space economy, technology and transport industries. Astro Aerospace (OTCQB: ASDN) (
Astro ) has sponsored their SPAC.
Astro, a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, is a pioneer in the aerial eVTOL market, which has an estimated value of $46.7 billion. Astro s sponsorship is of great value to Parsec, as the new relationship not only brings financial investment but a vault of transport industry expertise. Astro developed one of the market s safest and most efficient eVTOLs in the world, and in 2018 its drone Elroy was one of the first to seamlessly fly with humans on board.
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BOSTON, April 8, 2021 /PRNewswire/ Electrical Vertical Take-off and Landing aircraft (eVTOL) are moving from science fiction to reality, enabled by rapid advancements in electric motor, battery, and computing technology, the new report from IDTechEx, Air Taxis: Electric Vertical Take-Off and Landing Aircraft 2021-2041 , finds. The report explores the potential of eVTOL aircraft to improve journey times between poorly connected locations in a way that is affordable, low emission, and quiet enough to operate within cities.
Battery Cell-Level Gravimetric Energy Density (Wh/kg). Source: IDTechEx (PRNewsfoto/IDTechEx)
Today, leading eVTOL aircraft developers like Joby Aviation, Beta Technologies, and Wisk Aero are moving towards flight certification, with the intention to mass produce aircraft at more than 10 times the volume of today s general aviation aircraft manufacturers. Work is currently being undertaken both to deliver the advanced tec
Photo Credit: IDTechEx “Air Taxis: Electric Vertical TakeOff and Landing Aircraft 2021-2041”
A recently released report, “Air Taxis: Electric Vertical TakeOff and Landing Aircraft 2021-2041” from research and consultancy firm IDTechEx (Cambridge, U.K.) indicates that the market for electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility (UAM) is to grow to $14.7 billion by 2041, with continued opportunities in key enabling technologies, such as aviation-grade batteries, electric motors and propulsion systems, composite materials and eVTOL ground infrastructure.
IDTechEx’s analysis of air taxi/passenger drone operations suggests that there are frequently talked about areas for air taxi deployment which do not look viable, offering commuters no perceivable benefit at greater expense. However, IDTechEx s research also indicates applications where eVTOL aircraft could provide a faster, more direct, and flexible journey at a lower cost than competing