Analysis

April 12, 2021

Investors piling into flying taxi businesses are in for a bumpy ride

Although many urban aviation companies are promising a 2024 launch, its unlikely to be a significant market until the 2030s.


Maija Palmer

10 min read

Volocopter's flying taxi

Last week Lilium announced that it would list on Nasdaq via a reverse merger valuing the German flying taxi company at $3.3bn — the latest in what is starting to look like a SPAC stampede in the urban air mobility sector.

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Distribution of the 95 known electric UAM aircraft projects
Distribution of the 95 known electric UAM aircraft projects, from Roland Berger
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Render of Archer Aviation aircraft
Archer Aviation has set 2024 as a launch date but has yet to show footage of the aircraft in flight.
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Joby Aviation aircraft
Joby is promising a range of 240km for its 5-seater tilt-rotor plane.
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Lilium's 7-seater flying taxi
Lilium's 7-seater flying taxi hasn't flown yet and won't start being tested until 2022.
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