The advent of both the drone industry and electric passenger cars are culminating into drones capable of transporting people or more accurately described as vertical take-off and landing (VTOL) electric aircraft.

A new startup came out of stealth mode today to launch their own entry in this new burgeoning passenger drone industry. expand full story

Battery energy density is starting to get high enough to allow for electric air travel, and several companies, increasingly backed by significant investors, are now seriously working on bringing electric aircraft to market. Earlier this year, it was revealed that Google co-founder and Alphabet CEO, Larry Page, was financing two separate startups with over $100 million to compete in developing their own electric aircraft designs.

Airbus is also investing in a VTOL electric aircraft to create an autonomous, zero-emission air taxi service, and now another startup developing a similar aircraft announced today that they have secured €10 million from Atomico, an important global venture capital firm based in London. expand full story