Top eVTOL Aircraft Companies

The global evtol aircraft market is primarily driven by rapid advances in electric propulsion economics. Continuous improvements in lithium-ion and next-generation battery technologies are increasing energy density while simultaneously reducing cost per kilowatt-hour. This directly lowers aircraft weight, enhances flight range, and improves payload capacity, making eVTOL designs commercially viable rather than experimental. As energy efficiency improves, operating costs per flight hour fall sharply compared to helicopters and ground transport alternatives. This cause-and-effect chain encourages airlines, logistics firms, and urban mobility providers to commit capital, accelerating fleet development, infrastructure investment, and large-scale commercialization of eVTOL platforms.

Industry Overview

According to SkyQuest Technology “Global Evtol Aircraft Market” By Lift Technology (Vectored Thrust, Multirotor), By Propulsion Type, By System, By Region - Industry Forecast 2025-2032,” Global evtol aircraft market is projected to grow at a CAGR of over 51.1% by 2032, on account of urgent need for automating quantified data. A critical factor shaping the eVTOL aircraft market is the evolution of regulatory frameworks and urban airspace integration. The transition of the manufacturer's prototype(s) into a certified aircraft(s) can be established along a predictable timeline, if aviation authorities (e.g., FAA, EASA) publish comprehensive certification standards, safety standards and rules for training pilots.

Top 10 Global Evtol Aircraft Companies

1. Joby Aviation

Joby Aviation is a leading innovator in the emerging global eVTOL aircraft market, focused on developing quiet, zero-emission air taxis to transform urban and regional mobility. Founded in 2009 and headquartered in California, the company is advancing towards commercial certification and large-scale deployment of its piloted electric aircraft, designed for fast, efficient, and sustainable point-to-point travel. Joby is proud to have formed strong partnerships with both the government and the private sector, received substantial financial funding, and developed a number of strategic partnerships for manufacturing, infrastructure building, and service delivery. Thus, Joby is well-positioned to lead the way in creating the world’s next generation of advanced air mobility solutions.

2. Archer Aviation

Founded in 2018 and based out of California, Archer Aviation is one of the world's pioneering companies to create a new, innovative approach to Urban Air Mobility (UAM) with its unique concept of creating an electric-powered Vertical Take-Off and Landing (eVTOL). Currently under development is the Midnight eVTOL, which will provide the travel option to travel for short distances at frequent intervals and with minimal noise and no emissions during flight. Archer has established important partnerships with several leading Air/Sea Freight companies, including UPS, Delta Air Lines, and others.

3. Lilium

Lilium is one of the main competitors for global eVTOL (electric Vertical Take-Off and Landing) aircraft, focusing primarily on development of high performing electric jets. Lilium was founded in 2015 and is headquartered in Germany, where it is developing its Lilium Jet, a seven passenger version that allows for longer distances than typical urban air taxis, with low noise, and no emissions. Lilium is working through certification with the European and US regulators, developing strong partnerships with aerospace, infrastructure and airline companies. Through a combination of investment and manufacturing, Lilium will usher in a new age of sustainable, rapid and affordable form of regional air travel.

4. Volocopter

Volocopter is a global leader in eVTOL (electric vertical take-off and landing) aircraft development, providing safe, clean, and efficient ways to transport people around cities. Founded in 2011, Volocopter is based in Germany and has a range of products in the pipeline, one of which is an electric air taxi (the "VoloCity" or "VoloRegion") intended for short-distance passenger transport in quiet air vehicles that do not emit any harmful gases during flight. The company has received strong support from its partners, government agencies, investors, and regulatory authorities, allowing it to progress toward certification with the European Union Aviation Safety Agency (EASA). Its target date for commercial operations is late this year.

5. Vertical Aerospace

Vertical Aerospace is one of the top competitors in the global eVTOL aircraft marketplace, concentrating on creating electric aircraft specifically for commercial passenger transportation through the air. Since its beginning in 2016, the company has been working on developing its VX4 model which will produce quieter, eco-friendly (zero emissions) flights along with shorter urban or regional trip lengths, and focuses on scalable production to ensure that this model meets the highest-quality airline-grade safety regulations and provides operational efficiency.

6. EHang

EHang is a leading player in the global eVTOL aircraft market, focused on autonomous aerial vehicle solutions for urban air mobility. Founded in 2014, the company specializes in pilotless passenger eVTOLs designed for short-range transportation, tourism, and smart city applications. EHang’s flagship EH216 series emphasizes full autonomy, centralized command-and-control systems, and simplified operations to reduce operating costs. On a formal note, this organization has made substantial progress in navigating the regulations of China to obtain passenger-grade autonomous aircraft certification and continues to push the boundaries of commercial deployments while establishing itself as a leader in Autonomous Urban Air Mobility.

7. Wisk Aero

Wisk Aero is one of the leading innovators of globally available eVTOL Aircraft; their primary focus is on cruise-type (autonomous) electric air taxi systems. Wisk Aero was established in 2019 as a joint venture between Boeing and Kitty Hawk and continues to be very much an all-e-platform. In order to deliver maximum safety, scalability, and operational efficiency through eVTOL aircraft, the company has developed a unique set of products and services that utilize the principle of aircraft autonomy, simple and efficient aircraft design, and comprehensive safety assurance (rev. by the FAA).

8. Beta Technologies

BETA Technologies is a significant contributor to the worldwide eVTOL market, which is focused on creating and building electric powered aircrafts for use by people, packages or other forms of transportation as well as by the military. The company was established in 2017 and designs a variety of electric powered aircraft including eVTOL and eCTOL. The company focuses its efforts on providing an innovative solution for regional transportation that will provide versatility in the form of both eVTOL and eCTOL as well as facilitating the development of electricity charging stations and providing service support for fleets of eVTOL aircrafts.

9. Eve Air Mobility

Eve Air Mobility is a significant emerging player in the global eVTOL aircraft market, backed by Embraer’s deep aerospace expertise and focused on building a complete urban air mobility ecosystem. In 2020, Eve set out to develop eVTOL aircraft (electric-powered vertical landed take-off aircraft), as well as integrated systems for advanced UATM (urban air traffic management) solutions. The company emphasizes that it will provide safe on-demand air mobility services using cost-effective fleets and digitally integrated aircraft with digital traffic management, infrastructure planning, and fleet operations.

10. Supernal

Supernal, Hyundai Motor Group's dedicated eVTOL air mobility subsidiary, is a leading player in the global eVTOL air transport market. Founded in 2020, Supernal's mission is to create eVTOL aircraft that can be integrated with future smart city transportation systems and that provide safe, quiet, and scalable solutions for the future. Supernal uses Hyundai's expertise and resources to assist with the commercialisation of its eVTOL aircraft and is developing a new manufacturing process that will leverage the company's capabilities in mass manufacturing, electric vehicle development and the development of transportation ecosystems.

Other Leading Global Evtol Aircraft Companies

• Overair
• AutoFlight
• SkyDrive
• Ascendance Flight Technologies
• LIFT Aircraft
• Jaunt Air Mobility
• TCab Tech
• Pivotal
• Manta Aircraft
• Urban Aeronautics

Conclusion

The global eVTOL aircraft market is transitioning rapidly from concept validation to early-stage commercialization, driven by strong improvements in electric propulsion economics and supported by accelerating regulatory clarity. eVTOL operations have become economically viable due to an increased level of energy density caused by the drop in the cost of batteries. Alongside this, the structured systems provided by authorities such as EASA & FAA to certify these products reduce the risk associated with developing and getting them to market as they give a much clearer picture regarding the timeframes for deploying these products to the consumer. These factors have also attracted a significant amount of investment from large strategic investors (e.g., large financial institutions) and also funding for the creation of necessary infrastructure.