7 eVTOL Stocks To Consider in 2022 (When Will Flying Cars Take Off?)

Imagine a world free of carbon emissions and traffic jams caused by automobiles. A world where you hop into an electric flying car to get to your destination. Flying cars, also known as electric vertical take-off and landing vehicles (eVTOLs) use electric power to take off, hover, and land vertically—and they may be closer than you think. Read on to learn about the top eVTOL stocks in 2022 and beyond.

Anders Skagerberg   Updated March 21st, 2022

Credit: Joby Aviation

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What are eVTOL companies?

Though still nascent, the electric vertical take-off and landing vehicle (eVTOL) industry wants to disrupt traditional transport. There are designs for air taxis, flying ambulances, and even regional airliners. And if this all seems hard to believe, listen to the money. The eVTOL industry had a big year in 2021, with some companies raising hundreds of millions in funding and others going public.

One of the significant benefits to eVTOLs is the lack of carbon emissions, as they run on electric power instead of gas or diesel. Also, eVTOLs are relatively quiet, and because they can fly, eVTOLs avoid traffic jams.

There were some promising signs in 2021 that the eVTOL industry is here to stay. Four eVTOL companies went public, and many received big investments, including from major players like Hyundai and United Airlines.

Though industry estimates vary, some anticipate that eVTOLs could become a reality as soon as 2024. However, if eVTOLs are to take center stage, they will have to overcome significant hurdles.

Should you invest in eVTOL stocks?

Here are some things you should consider when deciding to invest in eVTOL stocks.

First, many industry experts predict a big future for eVTOLs. For example, Morgan Stanley projects a $1.5 trillion market by 2040. Consultancy Deloitte expects $115 billion in revenue by 2035, with eVTOL deployment around 2025.

Second, though industry experts think that the eVTOL market has strong potential, there is no consensus on when it will “take off.” While revenue predictions are robust, no eVTOL companies generate revenue right now.

Third, the eVTOL market is facing several hurdles. Regulation is one of them. Many companies seek certification from the Federal Aviation Administration (FAA) to build and operate their flying vehicles. The eVTOL industry also faces an infrastructure barrier. Before the industry can take off, it needs somewhere to land. Yet landing space is minimal, so significant infrastructure investments need to be made before eVTOLs can go mainstream.

However, one company is looking to do just that. Archer, a California-based eVTOL startup, recently announced its partnership with Reef, the country’s largest parking operator, to create landing sites in major U.S. cities.

Lastly, we don’t know for sure if eVTOLs have a viable business model. That makes them a fairly speculative investment opportunity. 

What eVTOL companies are public?

Several eVTOL companies recently went public via SPACs (special purpose acquisition companies), a strategy that has become common over the past few years. In 2021 alone, eVTOL companies Joby, Archer, Lilium, and Vertical Aerospace went public using SPACs. A fifth company, Volocopter, planned to go public via a SPAC in late 2021 but canceled the plan citing unfavorable timing. Beta Technologies, which focuses on cargo transport, is still private.

There are over 600 eVTOL concepts from 350 companies worldwide, but only seven publicly traded companies. As the industry matures, fewer companies will remain. 

eVTOL stock list

  • Joby Aviation (JOBY)
  • Vertical Aerospace (EVTL)
  • Embraer (ERJ)
  • Archer Aviation (ACHR)
  • Lilium (LILM)
  • Blade Air Mobility (BLDE)
  • Ehang Holdings (EH)

Learn more about each company and fund on the list.

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1. Joby Aviation (JOBY)

  • Market capitalization: $3.3 billion
  • Year-to-date return: -26%

Joby Aviation was founded in 2009 by JoeBen Bevirt. The Uber-backed, California-based company went public via SPAC in August of 2021 and is currently listed on the NYSE.

Though the stock has fallen since its IPO, Joby has continued to make progress. They’ve recently announced the completion and approval of their “first Systems Review and First Compliance Review by the FAA.” This is a significant milestone for Joby, and they plan to have vehicles in the sky by 2024.

Joby wants to be the ridesharing service of the future and plans to operate air taxis in major cities, carrying up to 5 passengers. Joby is also backed by Uber, which has invested over $100 million in the startup. Joby has even acquired Uber Elevate, Uber’s air mobility initiative.

With 150 miles of max range, a 200 mph top speed, and zero emissions, Joby’s concept vehicle boasts more than 1,000 test flights. Joby is also engaged in a multi-year testing program with the FAA to certify their vehicles.

2. Vertical Aerospace (EVTL)

  • Market capitalization: $1.5 billion
  • Year-to-date return: -30%

Vertical Aerospace was founded in 2016 by Stephen Fitzpatrick. They are based in London and went public via SPAC in December 2021, though the stock hasn’t done well since.

EVTL differentiates itself by serving the eVTOL industry. They design, make, sell, and service eVTOL aircraft, partnering with eVTOL operators instead of competing with them. EVTL’s current model, the VX4, is projected to have 100 miles of range with top speeds of 200 mph.

EVTL targets full certification by 2024 and hopes to start commercial operations in the mid-2020s. In 2021, they announced pre-orders for 1,350 eVTOLs from American Airlines, Virgin Atlantic, and Iberojet. American Airlines has reportedly pre-ordered 250 eVTOLs — a commitment of roughly $1 billion with the option to buy 100 more aircraft.

Notable investors include Avolon, Rolls Royce, American Airlines, and Honeywell.

3. Embraer (ERJ)

  • Market capitalization: $2.2 billion
  • Year-to-date return: -31%

Embraer is a Brazilian aerospace manufacturer that has been around since 1969. They are the third-largest commercial jet manufacturer globally.

Embraer spun off an eVTOL subsidiary known as Eve in 2020. Eve is supposed to list on the NYSE via a SPAC deal this year. The parent will provide Eve with the manufacturing facilities and workforce they will need for the launch expected in 2026.

To date, Eve has orders from 17 customers for 1,735 eVTOL aircraft valued at $5.2 billion. They plan to become FAA-certified in 2025 and start delivering orders the year after.

4. Archer Aviation (ACHR)

  • Market capitalization: $1 billion
  • Year-to-date return: -27%

Archer Aviation was founded in 2018 by Brett Adcock and Adam Goldstein. Their eVTOL has a range of 60 miles with speeds of 150 mph. The California-based startup completed its first hover test flight in December 2021 and plans to obtain an FAA certification by 2024.

In 2021 United Airlines placed a huge order for $1 billion of Archer’s aircraft. As part of the deal, United can buy another $500 worth of eVTOLs.

The stock is currently trading around $4.30 per share, down from around $10 at the time of the IPO.

5. Lilium (LILM)

  • Market capitalization: $900 million
  • Year-to-date return: -57%

Germany-based Lilium was founded in 2015 by Daniel Wiegand, Sebastian Born, Matthias Meiner, and Patrick Nathan. Their current eVTOL has 155 miles of range, a passenger capacity of 7, and a top speed of 186 mph.

In 2021 Lilium announced a $1 billion deal with Brazilian airline Azul to build an eVTOL aircraft network across Brazil by 2025. The deal includes 220 of Lilium’s eVTOL aircraft.

Lilium went public in September of 2021 via SPAC. However, the stock has cratered since the IPO, with recent reports from Iceberg Research raising concerns about Lilium’s viability.

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6. Blade Air Mobility (BLDE)

  • Market capitalization: $536 million
  • Year-to-date return: -15%

Blade Air Mobility was founded in 2014 by Robert Wiesenthal. Instead of making eVTOL aircraft, Blade has an “asset-light” model that lets them keep expenses low. Blade buys aircraft time by the hour from operators, usually at discounted rates. New York-based Blade has roughly 100 employees.

At the moment, Blade offers helicopter and jet services in the northeast, with plans to add eVTOL travel in the future.

The company went public in May of 2021 via a SPAC. Unsurprisingly, their stock price has also dropped since their IPO.

7. Ehang Holdings (EH)

  • Market capitalization: $673 million
  • Year-to-date return: -25%

China-based Ehang Holdings was founded in 2014 and went public in December 2019. Ehang develops autonomous eVTOL passenger aircraft. Their primary vehicle is a two-seater with a max range of around 22 miles and a top speed of about 80 mph.

Ehang plans to become the largest autonomous air-taxi operator globally. The startup has already received pre-orders for their EH216 model from Japan’s AirX and Malaysia’s Aerotree Flight Services.

EH trades at around $12—down from its all-time high of $124 in February 2021. The stock plummeted in early 2021 after the release of a short-seller report targeting the company.


🔔 Looking for more future of transportation investments? Check out the top transportation-as-a-service companies.

NOT INVESTMENT ADVICE. The content is for informational purposes only; you should not construe any such information as investment advice.

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