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The United Kingdom wants to be a leader in drones and electric air taxis. And they’re putting up a fresh pile of cash to do it.
What’s happening:
- The United Kingdom government has made a new €20M funding commitment to accelerating innovation in drones and electric air taxis
By the numbers:
- €16.5M will go towards the Civil Aviation Authority to develop new regulations focused on drones traveling beyond visual line of sight and electric air taxis being allowed to be used for short distance transportation
- An additional €5M will go towards funding startups and companies developing breakthrough technology in drones and electric air taxis within the United Kingdom
Why it matters:
- This is the largest funding commitment the United Kingdom government has ever made focused on developing a regulatory framework for drones and electric air taxis
Going deeper:
- The United Kingdom government has publicly stated that they want to begin using drones for a variety of new applications including public safety, medical transportation and inspecting energy infrastructure
The intrigue:
- Leveraging drone technology for public safety has continued to be an emerging theme globally, with the United Arab Emirates just recently striking a new deal with Ondas Holdings (NASDAQ: ONDS) for using their Optimus System drone network for responding to emergencies
