The dream of electric air taxis has always depended on the reality of batteries. With money for moonshots drying up, investors may be wise to focus on today’s technology rather than tomorrow’s.
Vertical Aerospace a British startup focused on electric vertical takeoff and landing aircraft, or eVTOL, will source batteries from cell supplier Molicel for its VX4 model—a move which hasn’t previously been reported. The Taiwan-owned manufacturer has already made the prototype lithium-ion cells that Vertical will use. It will open a new gigafactory to fulfill the orders, and said it has secured key raw materials such as lithium and graphite.