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Notable Battery-Electrified Aviation Events In 2024 2024 was marked by contrasting fortunes in funding, new strategic partnerships, and moderate progress toward certifications.

NASA and Archer partner on next-gen battery tech for electric aircraft

JANUARY

CATL announces a battery that is expected to power electric plane with 1,800-mile by 2028

Archer teams up with Anduril to build defense aircraft and raises $430 million

Archer Receives FAA Certification to Begin Operating Commercial Airline

New investor consortium to save Lilium with €200 million

The FAA and EASA release an updated and harmonized guidance on certification criteria for eVTOL

JUNE

FEBRUARY Heart Aerospace raises $107M in Series B Joby Aviation completes third stage of FAA certification process PROPEL-1K Program. The DOE announces $15M to advance next-generation energy storage for aviation

AutoFlight and CATL sign a strategic investment and cooperation agreement worth hundreds of millions of dollars

AUGUST

JULY Archer receives an additional $55M investment from automotive giant Stellantis

Volocopter files for insolvency while seeking investors Vertical Aerospace finalises $50m investment agreement

DECEMBER

OCTOBER Toyota to Invest $500 Million in Joby Aviation Lilium officially files for insolvency BETA Technologies raises more than $300M in additional equity

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