eVTOL Stocks: Top Electric Aircraft Investments
The urban air mobility market is projected to reach $1.5 trillion by 2040. From Joby Aviation and Archer Aviation to EHang and BETA Technologies, discover which publicly traded eVTOL companies offer the strongest investment potential in 2026 and beyond.
Disclaimer: This page is for informational purposes only and does not constitute financial advice. Always do your own research and consult a qualified financial advisor before making investment decisions.
Publicly Traded eVTOL Companies
Here are the key companies shaping the eVTOL industry. From pure-play manufacturers to operators and diversified aviation conglomerates, these stocks offer exposure to the urban air mobility revolution.
| Company | Ticker | Status | Price | YTD 2026 | Analyst Target | Aircraft | Investment Thesis |
|---|---|---|---|---|---|---|---|
| Joby Aviation | JOBY | Public (NYSE) | $10.10 | -29.7% | $12.63 | Joby S4 | Furthest along in FAA certification; Toyota-backed (200 embedded employees); Dubai launch 2026 Q2; five-nation cert roadmap; Nvidia Superpilot partnership |
| Archer Aviation | ACHR | Public (NYSE) | $7.19 | -18% | $11.61 | Midnight | United Airlines partnership; LA 2028 Olympics official provider; Serbia EXPO 2027 deal; >$2B liquidity; Nvidia AI partnership |
| BETA Technologies | BETS | Public (IPO Nov 2025) | N/A | N/A | N/A | ALIA CX300 | Fixed-wing eVTOL; 250mi range; UPS cargo partnership; United Therapeutics orders; charging network; ALIA CX300 targeting early 2026 cert |
| Blade Air Mobility | BLDE | Public (NASDAQ) | — | — | — | Operator (multi-OEM) | Asset-light operator model; existing helicopter routes converting to eVTOL |
| Eve Air Mobility | EVEX | Public (NYSE) | — | — | — | Eve eVTOL | Embraer subsidiary; 2,900+ letters of intent; global manufacturing scale |
| Lilium | LILM (delisted) | Ceased Ops (Feb 2025) | N/A | N/A | N/A | Lilium Jet | Cautionary tale: ran out of funding despite promising technology |
| Vertical Aerospace | EVTL | Public (NYSE) | — | — | — | VX4 | UK-based; Rolls-Royce motors; American Airlines investment; 1,400+ pre-orders |
| EHang | EH | Public (NASDAQ) | — | — | — | EH216-S | First certified autonomous eVTOL; operating commercially in China; expanding globally |
| AutoFlight | N/A | Private | N/A | N/A | N/A | Prosperity I | Strong test flight record; 155mi range; watch for potential IPO |
| Supernal (Hyundai) | HYMTF (parent) | Paused | N/A | N/A | N/A | SA-2 | Hyundai automotive scale; program paused but may restart; parent stock exposure |
Data current as of February 2026. Stock information is for educational purposes only.
Recent Developments (Q1 2026)
Key news and milestones from the leading eVTOL companies heading into 2026, a critical year for certification and commercialization.
- •Raised ~$600M in January 2026 via convertible notes + 52M shares at $11.35
- •Q4 2025 earnings report scheduled for February 25, 2026
- •Toyota has 200 employees embedded with Joby to accelerate production
- •Pursuing five-nation certification roadmap (FAA, EASA, UAE, Japan, UK)
- •Nvidia Superpilot partnership for advanced flight autonomy systems
- •Serbia EXPO 2027 deal for up to 25 Midnight aircraft
- •Nvidia AI partnership announced at CES 2026
- •Q4 2025 earnings scheduled for March 2, 2026
- •Maintains over $2B in liquidity for operations runway
- •Named official air mobility provider for LA 2028 Olympics
- •Completed IPO in November 2025, now trading publicly
- •ALIA CX300 targeting early 2026 FAA certification
- •UPS cargo partnership for electric cargo delivery operations
- •250-mile range fixed-wing design differentiates from competitors
- •Building nationwide charging infrastructure network
Analyst Sentiment (February 2026)
Wall Street analyst consensus and valuation gaps for the leading eVTOL stocks as of February 2026.
Trading at ~$10.10 versus a consensus analyst target of ~$12.63. Analysts see upside potential driven by FAA certification progress and Toyota partnership, but note continued unprofitability and dilution from the January 2026 capital raise as risks.
Trading at ~$7.19 versus a consensus analyst target of ~$11.61. Simply Wall St flags the stock as ~92% below estimated fair value. Strong liquidity position (>$2B) provides runway, but pre-revenue status and certification timeline remain key concerns.
Overall Outlook
Both Joby and Archer remain pre-revenue companies with significant dilution risks as they scale toward commercialization. 2026 is a critical year — FAA certification decisions, first commercial flights, and production ramp-up will determine whether these stocks deliver on their long-term potential. Investors should be prepared for continued volatility and potential additional capital raises. The sector has over 1,000 eVTOL concepts globally, but only a handful of companies are approaching certification and commercial readiness.
Why Invest in eVTOL?
The urban air mobility sector represents one of the largest untapped transportation markets in history. Here is why investors are paying attention to eVTOL stocks in 2026.
$1.5 Trillion Market by 2040
Morgan Stanley projects the total addressable market for urban air mobility at $1.5 trillion by 2040, encompassing passenger transport, cargo delivery, emergency services, and supporting infrastructure. Even capturing a small percentage of this market represents massive revenue potential for early movers. The market is expected to grow at a compound annual growth rate exceeding 30% through the 2030s.
Regulatory Momentum
The FAA, EASA, CAAC, and other aviation authorities are actively creating certification pathways specifically for eVTOL aircraft. EHang received the world first eVTOL type certificate in 2024. Joby and Archer are in advanced stages of FAA certification. This regulatory progress signals governmental support for the industry and reduces one of the biggest historical risk factors for investors.
Major Corporate Backing
eVTOL companies are backed by some of the world largest corporations. Toyota has invested over $890 million in Joby Aviation. United Airlines has committed $1 billion to Archer Aviation. Boeing owns Wisk Aero. Embraer spun off Eve Air Mobility. Hyundai created Supernal. This level of institutional backing provides validation, financial stability, and pathway to mass production through established manufacturing expertise.
Market Growth Projections
Industry analysts project exponential growth in the urban air mobility market over the next two decades, driven by certification milestones, technology improvements, and infrastructure expansion.
| Year | Projected Market Size | Key Milestone |
|---|---|---|
| 2025–2026 | $1.5B | First FAA certifications; IPOs and capital raises; over 1,000 eVTOL concepts worldwide |
| Pre-2030 | $8B+ | First piloted commercial eVTOL services launch globally |
| 2030 | $30B | Autonomous operations begin; cost parity with ride-sharing |
| 2036–2040 | $150B+ | ~7,500 eVTOL vehicles in service; mass adoption in 100+ city networks |
| 2050 | $1.5T | Up to 45,000 commercial + ~100,000 private eVTOLs; full urban transit integration |
Projections based on Morgan Stanley, McKinsey, Roland Berger, and February 2026 market reports. Over 1,000 eVTOL concepts are in development worldwide.
Risks to Consider
Like any emerging technology sector, eVTOL investments carry significant risks. Understanding these risks is essential for making informed investment decisions.
Certification Delays
FAA and EASA certification timelines have repeatedly slipped. Joby originally targeted 2024 certification. Delays burn cash and erode investor confidence. Regulatory uncertainty remains the single biggest risk factor for eVTOL stocks.
Cash Burn Rate
Pre-revenue eVTOL companies burn $50M to $200M+ per quarter on R&D, testing, and manufacturing buildout. Companies must secure additional funding through equity dilution, debt, or partnerships before reaching profitability.
Battery Technology
Current battery energy density limits range and payload. While battery costs are declining 15% annually, a breakthrough in solid-state batteries could disrupt current designs. Conversely, slower-than-expected battery improvements could limit market growth.
Infrastructure Build-Out
Vertiport networks require significant capital and regulatory approval. Zoning, noise ordinances, and community opposition can delay or block vertiport construction. Without adequate infrastructure, even certified aircraft cannot generate revenue.
Competition & Consolidation
Over 1,000 eVTOL concepts exist globally as of 2026. Not all will survive. Lilium's collapse in February 2025 demonstrates that even well-funded companies with promising technology can fail. Expect significant consolidation in the sector.
Public Acceptance
Consumer willingness to fly in small electric aircraft remains unproven at scale. Safety incidents, even minor ones, could significantly impact public perception and demand projections.
How to Invest in eVTOL
There are several ways to gain exposure to the eVTOL and urban air mobility sector, ranging from direct stock purchases to diversified fund investments.
Direct Stock Purchase
The most straightforward approach is purchasing shares of publicly traded eVTOL companies directly through a brokerage account. Companies like Joby Aviation (JOBY), Archer Aviation (ACHR), EHang (EH), Blade Air Mobility (BLDE), Eve Air Mobility (EVEX), Vertical Aerospace (EVTL), and BETA Technologies (BETS) are all available on major U.S. exchanges. This approach offers maximum control over your portfolio allocation and allows you to focus on the companies you believe have the strongest potential.
When evaluating individual stocks, consider factors like cash runway relative to expected certification dates, strength of order books and partnerships, management team experience in aviation, and competitive positioning relative to peers. Dollar-cost averaging can help manage volatility in this high-growth sector.
ETFs and Diversified Exposure
For investors seeking broader exposure with reduced single-stock risk, several ETFs include eVTOL companies alongside other advanced transportation and robotics stocks. The ARK Autonomous Technology and Robotics ETF and similar thematic funds offer diversified exposure. Additionally, investing in parent companies like Toyota, Hyundai, or Embraer provides eVTOL exposure alongside established business revenue.
Another approach is investing in the eVTOL ecosystem rather than aircraft manufacturers specifically. This includes companies in battery technology, electric motor manufacturing, avionics, vertiport development, and air traffic management systems. These supporting technology companies may benefit from eVTOL growth regardless of which specific aircraft manufacturer wins market share.
Frequently Asked Questions
Common questions about investing in eVTOL stocks and the urban air mobility industry.
What are the best eVTOL stocks to invest in for 2026?
The leading publicly traded eVTOL stocks for 2026 include Joby Aviation (JOBY) as the frontrunner in FAA certification, Archer Aviation (ACHR) with strong airline partnerships, BETA Technologies (BETS) following their November 2025 IPO, EHang (EH) as the only company with a certified and commercially operating eVTOL, Eve Air Mobility (EVEX) backed by Embraer, and Blade Air Mobility (BLDE) as an asset-light operator. Each company has different risk and reward profiles depending on your investment thesis and timeline.
How big is the eVTOL market opportunity?
The eVTOL and urban air mobility market is projected to reach $1.5 trillion by 2040, according to Morgan Stanley. Nearer-term projections estimate $30 billion by 2030 and $150 billion by 2035. The market encompasses aircraft manufacturing, operations, infrastructure such as vertiports, maintenance, software, and supporting services. For comparison, the global ride-sharing market is currently worth approximately $100 billion annually.
Is investing in eVTOL stocks risky?
Yes, eVTOL stocks carry significant risk. Most companies are pre-revenue with high cash burn rates, certification timelines remain uncertain, battery technology is still evolving, and infrastructure needs to be built from scratch. The collapse of Lilium in February 2025 despite raising over $1.5 billion demonstrates the risks. However, the potential market size and first-mover advantages offer substantial upside for investors with appropriate risk tolerance and a long-term horizon of 5 to 10 years.
Which eVTOL company is closest to FAA certification?
As of early 2026, Joby Aviation is the furthest along in the FAA certification process, having completed the majority of their type certification testing. EHang has already received certification from CAAC in China for their autonomous EH216-S in 2024 and is pursuing additional international certifications. Archer Aviation and BETA Technologies are also progressing through the FAA process with expected certifications in 2025 to 2027.
Should I invest in eVTOL manufacturers or operators?
Both offer different risk and reward profiles. Manufacturers like Joby and Archer have higher potential upside but face certification and production risks. Operators like Blade Air Mobility (BLDE) carry less technology risk since they plan to operate aircraft from multiple manufacturers, but their margins may be lower. A diversified approach investing in both manufacturers and operators can balance these risks. Consider your investment timeline and risk tolerance when deciding.
What happened to Lilium and what does it mean for eVTOL investors?
Lilium ceased operations in February 2025 after failing to secure additional funding, despite raising over $1.5 billion and developing promising jet-based eVTOL technology. Their collapse highlights key investor risks: high cash burn rates, extended development timelines, and the challenge of reaching commercialization before running out of capital. For investors, Lilium serves as a cautionary tale about the importance of evaluating a company's cash runway, funding pipeline, and proximity to revenue generation.
When will eVTOL stocks become profitable investments?
Most analysts project that leading eVTOL companies could reach profitability between 2028 and 2032, depending on certification timing, production ramp-up, and market adoption. Early revenue from commercial operations is expected in 2026 to 2027 for frontrunners like Joby and EHang. However, significant profitability likely requires fleet sizes of 100 or more aircraft per operator, autonomous operations to reduce costs, and mature vertiport networks. Investors should plan for a 5 to 10 year investment horizon.
How can I invest in eVTOL and urban air mobility?
You can invest in eVTOL through several approaches: directly purchasing shares of publicly traded companies like JOBY, ACHR, EH, BLDE, EVEX, EVTL, or BETS through any major brokerage; investing in ETFs that include eVTOL and aerospace stocks such as ARK Autonomous Technology and Robotics ETF; buying shares of parent companies like Hyundai (Supernal), Toyota (Joby investor), or Embraer (Eve parent); or investing in supporting technology companies in batteries, sensors, and infrastructure.
What is the difference between eVTOL stocks and drone stocks?
eVTOL stocks focus on companies developing passenger-carrying electric aircraft for urban air mobility, while drone stocks focus on unmanned aerial vehicles for cargo delivery, surveillance, agriculture, and other applications. Some companies operate in both spaces. eVTOL stocks generally carry higher risk due to passenger safety certification requirements but offer larger market potential. Key eVTOL stocks include JOBY and ACHR, while drone-focused stocks include companies like Joby (which also has cargo applications) and various defense-oriented drone manufacturers.
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