An air taxi service between Hyderabad-Warangal, Bengaluru-Mysuru, Chennai-Pondicherry, and Mumbai-Pune, covering these routes in under 39 minutes, may soon be a reality, thanks to plans by Hyderabad-based electric vertical takeoff and landing (eVTOL) startup BluJ Aerospace.
The company aims to launch its first hydrogen-powered cargo flight by 2026, with passenger flights anticipated by 2030. As an initial step, BluJ showcased the flying capabilities of its prototype autonomous eVTOL at Nadirgul Airfield on the outskirts of Hyderabad on Monday. The demonstration aircraft, powered by batteries and carrying no cargo, is the largest privately developed aircraft ever built in India.
"Our long-term vision is to build regional air transport to reduce travel time and expand connectivity. The first product we're developing is for cargo applications, where we plan to carry 100 kilogram (kg) of payload over 250 kilometre (km). Eventually, we aim to scale up to passenger aircraft," said Amar Sri Vatsavaya, co-founder and chief executive officer of the company.
This story is from the November 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
India may become global leader in 5G FWA mkt by 2027
India is expected to become the world's largest 5G fixed wireless access (FWA) market by 2027 with over 30 million subscribers and overtake the US, the current global leader with 15 million subscribers, according to Counterpoint Research.
Crypto or not: Industry to focus on user protection, licensing regime
A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder
Pant, Iyers knock it out of the park
IPL Mega Auction: Star wicket-keeper most expensive player at ₹27 cr; Shreyas, Venkatesh bag hefty pay cheques
Eastern states are country's growth engine, says Modi
Prime Minister Narendra Modi asserted on Sunday that his government considers India's eastern region as the country's growth engine, while the area was considered backward earlier.
The other side of financialisation
There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped
Demand for super top-up health insurance plans rises after Covid
Demand for super top-up plans in health insurance has increased significantly post the Covid-19 pandemic, owing to a rise in medical costs and increased insurance awareness in the country, industry insiders have said.
Countdown to Feb 1 begins
FY26 Budget will come only six months after the last one, but has all the signs of becoming a hallmark document
Greening AI for sustainable computing
Technologies are providing solutions to many business and social problems. However, the solution itself is becoming a problem for climate action.
Agentic AI: The next frontier
A new iteration of AI is now taking the world by surprise. Agentic AI can take its own decisions. ARYAMAN GUPTA & SHIVANI SHINDE report
Visit developer's past projects to evaluate service standards
Renting temporarily can be useful to assess suitability before committing to purchase
