The eVTOL (Electric Vertical Takeoff and Landing) aircraft industry is on fire right now.

This technology came about thanks to major advances in electric propulsion (motors, batteries, electronic controllers) and the growing need for new vehicles for the urban air mobility revolution.

The eVTOL aircraft will be mainly used for air taxis, medical assistance, deliveries and military purposes.

eVTOL can reach speeds of between 100-450km/h, they have a range of 35-500km and can seat up to 5 people.

The World’s first electric Urban Air Port® has will be launched in Coventry, UK later this year.

Our skies will be transformed forever.

Recent announcements in the eVTOL space include:

Volocopter GmbH signed their Series D Funding Round at €200 million

Archer agreed a SPAC agreement with Atlas Crest Investment Corp (ACIC) which values Archer at a pro forma equity value of $3.8 billion. They also received a $1billion order from United Airlines.

Joby Aviation will go public in a $6.6bn reverse merger with Reinvent Technology Partners.

Horizon Aircraft Inc. Inc enters into a binding agreement to be acquired by Astro Aerospace

Watch this space as this industry takes off into the stratosphere