Volocopter raised $240 million from investors to certify its two-seat VoloCity eVTOL and launch air taxi services in the next few years.
Joby Aviation, widely considered the leader in eVTOL technology, will go public via merger with blank-check firm Reinvent Technology Partners at a valuation of $6.6 billion.
The combination of lofty valuations, real technology potential, and little market clarity has created an era of peak uncertainty for eVTOLs.
A report released by short-seller Wolfpack Research alleges the Chinese aircraft developer is far from a world-leader in eVTOLs.
Archer to go public at $3.8 billion valuation, United Airlines orders $1 billion worth of eVTOL aircraft
Archer will go public via a SPAC deal that values the eVTOL startup at $3.8 billion. United Airlines has invested in the company and ordered $1 billion worth of aircraft.
An economic analysis funded by the UK’s Future Flight Challenge came to mixed results for its chosen air taxi use cases.