Larry Page’s flying car company Pivotal loses its CEO

Ken Karklin, who led Larry Page-backed eVTOL firm Pivotal for over four years, stepped down this week, with board member Mike Ross assuming interim CEO duties. The company, which began selling its single-seat Helix aircraft for about $200,000 two years ago, also operates the defense-oriented BlackFly, which recently beat an ambulance response by 20 minutes in North Carolina and has logged more than 10,000 flights.