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XTI also said that a merger deal with Xerant Aerospace is still pending.
The TriFan 600 eVTOL machine is currently in development and will be in production by 2027, pushing the program schedule forward by three years.
New XTI CEO Michael Hinderberger noted that the company has completed a preliminary review of the design of the device with six passengers. Pre-orders for air taxis are $3 billion, allowing work to continue on the Nasdaq stock market.
The TriFan 600 design includes three rotors, two of which are located on the wing and the third is located at the rear of the fuselage for vertical movement.