Type to search

Air Taxi Startups Ready for Takeoff as Backing Soars to Record: FT

Advanced air mobility
Adam Goldstein, right, and Brett Adcock, co-founders and co-CEOs of flying taxi company Archer Aviation, prepare for the launch of their electric aircraft in Hawthorne, California. The advanced air mobility market could be worth almost $17 billion by 2025 and $110 billion by 2035, according to Allied Market Research. File photo: Reuters.


(AF) More than $4.3 billion has been invested in air taxi startups this year – a record – through venture funding and SPACs, according to the Financial Times.

The influx of capital has helped lift backing of all future-mobility proposals, including drones, by 83% to more than $10.4 billion, the report stated, citing a study by researcher McKinsey. Among air taxi startups, Lilium, Archer Aviation and Vertical Aerospace are preparing to go public this year, it added. Full report: Financial Times.  


Also on AF:
Hyundai and General Motors take plunge into electric air taxis



Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.


AF China Bond