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

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..