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Joby Aviation to acquire Resonant Sciences for $500 million, forming dedicated defense unit

Joby Aviation plans to acquire Ohio-based Resonant Sciences for approximately $500 million, expanding its decade-long work with U.S. defense and intelligence customers into a dedicated defense business. Joby is also pursuing up to $750 million through an at-the-market equity offering as it funds the transaction and broader growth.

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Cambridge Aerospace raises $300 million for drone and missile defenses as Vertical Aerospace secures $100 million for Valo eVTOL

Cambridge Aerospace has closed a $300 million Series C led by DFJ Growth at a $3.4 billion valuation to scale low-cost air defenses against drones and missiles. Separately, Vertical Aerospace secured approximately $100 million in financing commitments to advance its four-seat Valo aircraft toward certification and commercial production.

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Embraer expects Eve eVTOL to enter commercial service by end-2028

Embraer CEO Francisco Gomes Neto said Eve Air Mobility plans to begin commercial operations of its electric vertical takeoff and landing aircraft by the end of 2028. The timetable, disclosed alongside Embraer’s second-quarter 2026 results, sets a target for the company’s urban air mobility subsidiary to move from development into service.

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CNBC

High activity

Archer to acquire Boeing’s Wisk, Insitu and SkyGrid in all-stock deal

Archer Aviation will acquire Boeing subsidiaries Wisk Aero, drone maker Insitu and air traffic-management firm SkyGrid in an all-stock transaction pending regulatory approval. The deal would give Boeing nearly 20% of Archer, make it the largest outside shareholder and add a board seat, with closing expected by year-end.

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Hype's eVTOL section is the definitive source for aggregated news on the burgeoning electric Vertical Take-Off and Landing aircraft industry. Our coverage spans the latest prototypes, regulatory milestones, and market trends driving the future of urban air mobility and sustainable aviation solutions.