Accelerating Cash BurnPlanned spending on hybrid development, additional aircraft production, flight testing, and staffing is expected to accelerate cash burn and increase the likelihood of future capital raises.
Certification Timing UncertaintyUnclear timing for piloted transition and readiness for required transition testing raises the risk of certification delays that could disappoint stakeholders and slow market ramp.
Powertrain Certification RiskCertification of novel battery and electric powertrain systems remains a primary bottleneck because those subsystems lack prior aircraft certification, creating material technical and regulatory risk.