Electric Air Taxis on the Horizon: Reality or Fantasy

11 Oct 2023 CW Team

The concept of electric-powered air taxis ferrying commuters over congested roads is edging closer to reality, shedding its sci-fi aura. Thanks to advancements in battery technology, electric vertical takeoffs and landings (eVTOLs) - aircraft that can mimic helicopters near the ground but function like small planes - are making strides. However, the looming question remains: is there a profitable business model in their production?

JoeBen Bevirt, a staunch advocate for this emerging industry, serves as the founder and CEO of Joby Aviation Inc. The California-based company, with Toyota as its largest shareholder (holding 11%), recently delivered its first eVTOL to the Air Force. Bevirt is resolute in his belief that Joby Aviation can achieve the ambitious goal of commencing commercial air taxi operations by 2025. Nevertheless, like many other eVTOL startups, Joby is grappling with financial losses, having reported over $400 million in deficits from 2021 to 2022. Analysts, meanwhile, remain uncertain about the timeline for profitability, if it ever materializes.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..