Top 5 eVTOL stocks for 2024; Surf Air Mobility, Joby Aviation and 3 more

The electric vertical take-off and landing (eVTOL) market is undergoing a transformative development surge, positioning itself for the next generation of modern aviation.

eVTOL aircrafts combine the vertical abilities of a helicopter with eco-friendliness of zero-emission technologies. As urban congestion worsens and environmental concerns mount, the eVTOL industry has emerged to offer innovative and sustainable solutions for mobility.

Analysts estimate that the eVTOL aircraft market will reach nearly $35 billion in value by 2030, with significant market growth expected between now and then.

Numerous companies are working to revolutionize air mobility to overcome urban transportation challenges, autonomous flying, and eco-conscious demand. Here are the top 5 eVTOL stocks to watch in 2024:

1. Surf Air Mobility Inc. (NYSE: SRFM)
Headquartered in Los Angeles California, Surf Air Mobility is an electric-aviation company redefining regional travel through the power of electrification. The company is building a mobility ecosystem to sustainably connect the world’s communities through the air and across the waterways.

Already the largest regional commuter airline in the United States based on scheduled departures, Surf Air has built an operating platform that it believes can rapidly scale towards fully-electric and hybrid-electric aircraft.

The company is collaborating with commercial partners including Cessna, Palantir, and AeroTEC to develop cutting-edge powertrain technology and software that will electrify its existing operator fleet as well as introduce electric planes to the market at a broader scale.

In contrast to industry peers like Joby Aviation, Lilium, Archer Aviation, who are all still devouring large amounts of capital to develop their respective products, Surf Air is generating significant revenues from its existing operations, reporting $101 million in revenue during 2022.

Most recently, the company confirmed an exclusive partnership with Textron Aviation to support the development of an electrified Cessna airplane. Surf Air plans to acquire up to 150 Grand Caravan EX aircrafts, which will be equipped with the company’s electric and hybrid-electric powertrain technology.

Looking to capitalize on untapped opportunities, Surf Air also signed a deal recently with REGENT to build an all-electric seaglider hub to serve passengers via coastal waterways in south Florida and throughout the Caribbean.

The company believes that zero-emission seagliders represent a new, untapped mode of transportation that combines the speed of an aircraft with the convenience of a boat.

Built to serve coastal and island communities, seagliders operate exclusively over the water and leverage existing dock infrastructure to carry people and goods up to 180 miles using today’s battery technology.

With plans to grow its flight service to 30 U.S. regional networks, combined with the exciting new opportunity on the waters, Surf Air is positioning itself to redefine electric regional mobility.

Shares of Surf Air Mobility trade on the NYSE under the ticker symbol SRFM. For more information visit www.surfair.com.

2. Joby Aviation
3. Archer Aviation
4. EHang
5. Lilium

Disclaimer

This article is not financial advice and should not be taken as financial advice. This article is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated fifteen thousand dollars by Surf Air Mobility for advertising services.

Source: https://greenstocknews.com/newswire/t...

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