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Blade raises $38 million to build flying taxi infrastructure

Helicopter shadow against a cash sign.
Illustration: Lazaro Gamio/Axios

Blade, a short-distance aviation company known for helicopter rides from airports into city centers, has raised around $38 million in new funding from backers that include Airbus and real estate company Colony NorthStar.

Why it matters: Blade is more focused on transportation infrastructure than any particular type of vehicle, and believes its landing zones will eventually be used by eVTOLs (a.k.a. flying taxis).