Germany’s leading electric aircraft manufacturer, Lilium, is all set to launch its first-ever all-electric vertical take-off and landing (eVTOL) plane
According to a news report the company announced recently, it has carried out the first series of tests of its electric jet propulsion unit. The test facility was established on a 26,000 sq. feet general complex area with an aircraft mounting frame for aircraft loads and moments, airflow systems for the flight condition simulation, and charging and cooling equipment of the aircraft batteries.
Electric Aircraft Market Size
According to Precedence Research’s Report on the global electric aircraft market size is calculated at USD 11.37 billion in 2024 and is expected to achieve USD 50.86 billion by 2032, registering a double-digit CAGR of 20.6% during the forecast period.
The US Air Force and Pentagon have been urged by American legislators to ‘ramp up’ the four-year-old Agility Prime project for electric aircraft. A provision in the expected 2025 National Defense Authorization Act asks both organizations to form a working group to hasten the commercialization of electric or hybrid technology for aircraft.
Electric Aircraft Funding and Awards
| Agency | Funding
|
Purpose |
| U.S. Department of Energy’s (DOE’s) | $55 million | Programs to fund the development of low-cost electric aviation engine technology and powertrain systems. |
| Federal Aviation Administration Awards ZeroAvia | $4.2 Million | US Federal Grant to Advance Electric Propulsion for Clean Aviation |
| Electra. aero | $85M | Plans to sell its hybrid-electric aircraft for cargo deliveries, then add seats for the passenger market. |
| Heart Aerospace | $4.1 Million | Aviation Administration’s (FAA) Fuelling Aviation’s Sustainable Transition (FAST) to Advance Electric Aviation in the U.S. |
| French government | €5.6 million | Funding for VoltAero’s development of its Cassio electric-hybrid aircraft |
A recent report from Precedence Research Reveals that North America accounted largest revenue share in 2022, North America region will capture 43% revenue share in 2032.
U.S. Air Force AFWERX innovation arm for a Strategic Funding Increase (STRATFI) award that secures up to $85 million between private investments, government funding, and matching Small Business Innovation Research (SBIR) funding for Electra’s development of a full-scale pre-production prototype electric short takeoff and landing (eSTOL) aircraft.
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