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.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..