Wall Street heavily investing in EVTOL startups for urban mobility, projecting significant market growth

Flying car stocks are no longer just a fantasy, with Wall Street now heavily invested in EVTOL startups for urban mobility shortcuts. The market is projected to grow from $243 million in 2025 to $4.2 billion by 2035, with urban air mobility alone reaching $12 billion by 2035.

Joby Aviation, China’s EHang, and Archer Aviation are leading the flying car race. Joby reported a narrower loss, secured UAE launch rights, and is finalizing vertiport sites in Dubai. EHang aims for a 100% revenue increase, while Archer has secured major partnerships and funding for production expansion.

Archer Aviation recently impressed investors with a successful desert test flight in Abu Dhabi, leading to a predicted 80% stock price increase. The flight showcased readiness under challenging conditions and lays the groundwork for regulatory approval. Archer is set to introduce air taxis in Abu Dhabi and aims for $1 billion in sales by 2028.

Read more at Yahoo Finance: Flying car stock gets bold Wall Street call, rewrites urban mobility