Sector Brief

eVTOL

Companies building electric vertical take-off and landing aircraft for urban air mobility, cargo delivery, and next-generation aviation.

State of the Industry

Updated 2026-10-19

11 Companies

Archer Aviation logo

Archer Aviation

Public (NYSE: ACHR)

Archer Aviation is an electric aircraft company building Midnight, a piloted four-passenger eVTOL for short urban trips, while expanding into defense, powertrain sales, and aviation software.

2018 · 🇺🇸 San Jose, California

Aridge logo

Aridge

Private (XPeng affiliate; HK IPO filed)

Aridge - known as XPeng AeroHT until an October 2025 rebrand - is the Guangzhou-based flying-car affiliate of EV maker XPeng, majority-owned by XPeng and its CEO He Xiaopeng.

2013 · 🇨🇳 Guangzhou, China

AutoFlight logo

AutoFlight

Private

AutoFlight (Shanghai Fengfei Aviation Technology) is a Shanghai-based eVTOL developer founded by Yuneec founder Tian Yu, with R&D and certification outposts in Augsburg, Germany and Shenzhen.

2016 · 🇨🇳 Shanghai, China

Beta Technologies logo

Beta Technologies

Public (NYSE: BETA)

Beta Technologies is an electric aerospace company building the ALIA aircraft family, electric propulsion systems, charging infrastructure, batteries, and flight-critical systems for cargo, passenger, medical, and defense markets.

2017 · 🇺🇸 South Burlington, Vermont

EHang logo

EHang

Public (Nasdaq: EH)

EHang is a Guangzhou-based autonomous aerial vehicle company whose pilotless two-passenger EH216-S holds CAAC type, airworthiness, production and air operator certificates.

2014 · 🇨🇳 Guangzhou, China

Eve Air Mobility logo

Eve Air Mobility

Public (NYSE: EVEX)

Eve Air Mobility (Eve Holding) is the Embraer-backed eVTOL developer, spun out of EmbraerX in 2020 and NYSE-listed as EVEX since the 2022 Zanite SPAC merger, with Brazilian BDRs on the B3.

2020 · 🇧🇷 Melbourne, Florida / São José dos Campos, Brazil

Joby Aviation logo

Joby Aviation

Public (NYSE: JOBY)

Joby Aviation is a Santa Cruz company developing a piloted all-electric S4 air taxi, now in FAA Stage 5 (TIA).

2009 · 🇺🇸 Santa Cruz, California

Vertical Aerospace logo

Vertical Aerospace

Public (NYSE: EVTL)

Vertical Aerospace is a Bristol, UK-based eVTOL developer building Valo, a piloted electric air taxi, and is the last major independent European player after the collapses of Lilium and Volocopter.

2016 · 🇬🇧 Bristol, United Kingdom

Wisk Aero logo

Wisk Aero

Private (Boeing subsidiary; pending acquisition by Archer Aviation)

Wisk remains Boeing's wholly owned autonomous air-taxi subsidiary pending an Archer close.

2019 · 🇺🇸 Mountain View, California

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Convert Vietnam Airlines MoU and Vietravel LOI into firm orders

On September 10, 2026 in Paris, Vietnam Airlines signed a memorandum of understanding for five A350-900s with deliveries planned for 2033-2034, part of a stated priority to acquire 30 widebodies beyond 2030. Vietravel Airlines signed a letter of intent for 20 A220s and 30 A321-family jets, with deliveries expected from 2029. Neither instrument is a firm order. Watch whether purchase contracts follow, which is what would add the 55 aircraft to Airbus's backlog rather than leaving them as diplomatic paper.

2026-2027

Reach sustained full-year profitability in 2026

After its first quarterly net profit in Q4 2025 and a seasonal Q1 2026 loss, XPeng is targeting sustained profitability across 2026. Q2 2026 deliveries rebounded 64.8% sequentially to a record 103,295 units within its guided range and gross margin held at 20.7%, but net loss nearly tripled year-over-year to RMB1.34B on continued AI, robotics and flying-car investment. XPeng guided Q3 2026 deliveries of 115,000-121,000 units and revenue of RMB21.7-23.4B; it has not issued formal full-year profitability guidance. July plus August volume of 77,134 leaves a still-steep September needed to hit the Q3 delivery range.

2026

Launch Robotaxi models and global VLA 2.0

XPeng began employee testing of its Robotaxi platform in Guangzhou on July 10, 2026 (CEO He Xiaopeng completed the first end-to-end ride) and plans to launch three full-stack Robotaxi models with trial passenger operations in H2 2026, targeting fully autonomous operation without an onboard safety officer by 2027. In its September 1, 2026 August-delivery release, XPeng said it had secured a permit to test its second-generation VLA Robotaxi on designated Guangzhou roads without an onboard safety operator, and that the vehicle had completed more than 2,000 internal test rides using a newly built cloud-based remote-intervention platform. On its Q2 2026 results page the company said a first major VLA 2.0 upgrade in China was due from the end of August, folding selected L4 Robotaxi capabilities into passenger cars, with a goal of obtaining European regulatory approval in the first half of 2027 and beginning overseas user deliveries. Volkswagen remains the launch partner for a global VLA 2.0 version from 2027.

2026-2027

Take X-Energy megawatt charging from Hong Kong to Europe

XPeng opened its first X-Energy megawatt charging station on September 15, 2026 in Hong Kong with operator Halo, open to all brands, at 1 megawatt peak and 1,000 amps with 400 kWh of on-site storage that holds the grid connection to 240 kW. He Xiaopeng previously said X-Energy hardware would arrive in Europe next, alongside a broader plan for more than 1,000 self-operated supercharging stations across 13 European countries. XPeng has not given a European megawatt-station count or date, and no XPeng model can yet accept megawatt charging.

2026-2027

Carry first U.S. eIPP passengers (not specified as paying)

2026

Advance Korean Air military AAM partnership toward conversion and export

Following the August 3, 2026 agreement, Korean Air will lead military conversion and systems integration of a Midnight-based platform for South Korea's Advanced Air Mobility defense program, with Archer providing airframe technology and FAA certification data. The two companies plan a staged roadmap toward a domestic component supply chain and export strategy; no contract value or delivery timeline had been disclosed as of late August 2026.

2026-2027

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