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Vertical secures $2.2bn eVTOL aircraft order from Avolon

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Aircraft leasing firm Avolon has ordered up to 500 electric vertical take-off and landing (eVTOL) aircraft worth $2.2bn from aircraft manufacturer Vertical Aerospace.

The two companies will work together during the development, certification and commercial launch of Vertical’s piloted eVTOL VA-X4.

The aircraft will have a capacity for five people, including the pilot, and can cruise at more than 200mph, with a range exceeding 100 miles.

The deal is subject to certain closing conditions and will enable Avolon to introduce the ultra-short-haul aircraft category to the commercial aviation market.

Delivery of the aircraft is slated to start by late 2024.

Avolon CEO Dómhnal Slattery said: “Avolon is proud to be a launch customer for the VA-X4 aircraft, demonstrating our commitment to a net-zero carbon economy and to driving innovation in the global aviation sector.

“Our order with Vertical will also accelerate the inevitable commercial rollout of zero-emissions aircraft. Before the end of this decade, we expect zero-emission urban air mobility, enabled by eVTOLs, to play an increasingly important role in the global commercial aviation market.

“This order reaffirms Avolon’s position as an industry pioneer. With Vertical, we will revolutionise air travel and continue to reduce the impact of our industry on the environment. We strongly believe that the VA-X4 will lead this transformation.”

Avolon’s newly incorporated affiliate Avolon-e will be a launch customer for Vertical’s VA-X4 eVTOL.

Avolon will join existing investors, including Microsoft, Rolls-Royce, Honeywell, and American Airlines, as equity investors in Vertical.

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Source: https://www.aerospace-technology.com/news/avolon-vertical-evtol-order/

Aerospace

Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

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Space propulsion developer Accion Systems has closed its most significant funding round yet. The company raised $42 million in a Series C led by Tracker Capital, bringing its valuation to $83.5 million.

Along with the investment, Tracker Capital also acquired a majority stake in the company. This latest injection of capital will facilitate the development and manufacturing of the company’s fourth generation propulsion system, dubbed the tiled ionic liquid electrospray (TILE) system.

The TILE system uses electrical energy to push charge particles (ions) out its back to generate propulsion. While ion engines have been around for decades, Accion uses a liquid propellant, an ionic liquid salt, instead of gas. The liquid is inert and non-pressurized, meaning there’s no risk of explosion. It also results in a product that doesn’t need bulky components like ionization chambers, and an overall smaller and lighter weight system relative to the spacecraft – key considerations in space, where every gram of payload has a high price tag.

“It lets us build really, really small systems,” Accion co-founder Natalya Bailey explained to TechCrunch. “Instead of trying to take an existing ion engine the size of a Prius and shrink it down, we can start with very small systems because of this propellant.” And she does mean small – each thruster tile is about the size of a postage stamp.

The TILE system is also scalable and modular, meaning it could feasibly be used on anything from cubesats to propelling an interplanetary spacecraft, Accion CEO Peter Kant added in a recent interview with TechCrunch. “It’s one of the few occasions where the total addressable market and the actual addressable market that we can serve are pretty closely aligned and almost overlap,” he said.

The newest generation of the TILE system is the same size as its predecessors, but Accion is increasing the number of emitters on a given chip – emitters being the technology that actually shoots out the ions, generating the momentum – by almost tenfold. “We get more ions per area and that gives us a whole lot more thrust with the same amount of space,” Kant said.

Accion is looking to ship the first fourth-gen thruster systems in the middle to late summer of 2022.

The TILE system was developed by Accion co-founders Natalya Bailey and Louis Perna while the two were at the Massachusetts Institute of Technology. The tech generated a ton of interest from big aerospace companies, but they decided to found Accion in 2014 rather than sell. The company manufactures and assembles its product at its facility in Charlestown, Massachusetts.

The TILE system was onboard commercial spacecraft, one with Astra Digital and one with NanoAvionics, that went up on SpaceX’s Transporter-2 launch at the end of June. Accion started by focusing on serving smaller spacecraft first, like cubesats, but Bailey said that was just the beginning.

“We’re going after that segment initially, and then intending to reinvest our learnings in building larger and larger systems that eventually can do big geostationary satellites and interplanetary missions and so on. The systems that went up on the most recent launcher [is] probably good for a satellite up to about 50 kilograms [. . .] For us, it’s on the smaller end of where we intend to go.”

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Source: https://techcrunch.com/2021/07/21/accion-systems-raises-42-million-in-series-c-to-accelerate-development-of-4th-gen-propulsion-system/

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Aerospace

Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

Published

on

Space propulsion developer Accion Systems has closed its most significant funding round yet. The company raised $42 million in a Series C led by Tracker Capital, bringing its valuation to $83.5 million.

Along with the investment, Tracker Capital also acquired a majority stake in the company. This latest injection of capital will facilitate the development and manufacturing of the company’s fourth generation propulsion system, dubbed the tiled ionic liquid electrospray (TILE) system.

The TILE system uses electrical energy to push charge particles (ions) out its back to generate propulsion. While ion engines have been around for decades, Accion uses a liquid propellant, an ionic liquid salt, instead of gas. The liquid is inert and non-pressurized, meaning there’s no risk of explosion. It also results in a product that doesn’t need bulky components like ionization chambers, and an overall smaller and lighter weight system relative to the spacecraft – key considerations in space, where every gram of payload has a high price tag.

“It lets us build really, really small systems,” Accion co-founder Natalya Bailey explained to TechCrunch. “Instead of trying to take an existing ion engine the size of a Prius and shrink it down, we can start with very small systems because of this propellant.” And she does mean small – each thruster tile is about the size of a postage stamp.

The TILE system is also scalable and modular, meaning it could feasibly be used on anything from cubesats to propelling an interplanetary spacecraft, Accion CEO Peter Kant added in a recent interview with TechCrunch. “It’s one of the few occasions where the total addressable market and the actual addressable market that we can serve are pretty closely aligned and almost overlap,” he said.

The newest generation of the TILE system is the same size as its predecessors, but Accion is increasing the number of emitters on a given chip – emitters being the technology that actually shoots out the ions, generating the momentum – by almost tenfold. “We get more ions per area and that gives us a whole lot more thrust with the same amount of space,” Kant said.

Accion is looking to ship the first fourth-gen thruster systems in the middle to late summer of 2022.

The TILE system was developed by Accion co-founders Natalya Bailey and Louis Perna while the two were at the Massachusetts Institute of Technology. The tech generated a ton of interest from big aerospace companies, but they decided to found Accion in 2014 rather than sell. The company manufactures and assembles its product at its facility in Charlestown, Massachusetts.

The TILE system was onboard commercial spacecraft, one with Astra Digital and one with NanoAvionics, that went up on SpaceX’s Transporter-2 launch at the end of June. Accion started by focusing on serving smaller spacecraft first, like cubesats, but Bailey said that was just the beginning.

“We’re going after that segment initially, and then intending to reinvest our learnings in building larger and larger systems that eventually can do big geostationary satellites and interplanetary missions and so on. The systems that went up on the most recent launcher [is] probably good for a satellite up to about 50 kilograms [. . .] For us, it’s on the smaller end of where we intend to go.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/07/21/accion-systems-raises-42-million-in-series-c-to-accelerate-development-of-4th-gen-propulsion-system/

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Aerospace

Live coverage: Russia set to launch new space station science module

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Live coverage of the countdown and launch of a Russian Proton rocket from the Baikonur Cosmodrome with the Nauka science module for the International Space Station. Text updates will appear automatically below. Follow us on Twitter.

NASA TV

Roscosmos webcast

NASA TV’s live coverage of the launch begins at 10:30 a.m. EDT (1430 GMT) and is in English. Roscosmos’s live video stream begins at approximately 9:30 a.m. EDT (1330 GMT) and is in Russian.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spaceflightnow.com/2021/07/21/proton-nauka-launch-mission-status-center/

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Aerospace

Live coverage: Russia set to launch new space station science module

Published

on

Live coverage of the countdown and launch of a Russian Proton rocket from the Baikonur Cosmodrome with the Nauka science module for the International Space Station. Text updates will appear automatically below. Follow us on Twitter.

NASA TV

Roscosmos webcast

NASA TV’s live coverage of the launch begins at 10:30 a.m. EDT (1430 GMT) and is in English. Roscosmos’s live video stream begins at approximately 9:30 a.m. EDT (1330 GMT) and is in Russian.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spaceflightnow.com/2021/07/21/proton-nauka-launch-mission-status-center/

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