EVTOL market expected to flourish

Image: Lawrence Hookham on Unsplash

New research into electric vertical take-off and landing vehicles has revealed that the industry is set to grow over the next two years.

The study was conducted by senior private equity and venture capital professionals, 67% of which predict that related technology in the area will further improve in the next two years.

Horizon Aircraft led the research and focused on countries of interest as well as consulting with specialists to predict the level of possible interest in the technology.

Nations with regulatory plans to implement eVTOL technology was also examined, with the USA, Germany, China, France and Russia found to be the most prominent nations with potential to utilise the technology.

Brandon Robinson, CEO and Co-Founder of Horizon Aircraft said that interest in the technology is only growing.

“Governments and authorities around the world are increasingly acknowledging the hugely positive impact eVTOLs can have on their transportation policies, and the pace of developing a workable regulatory environment for the sector is picking up,” Robinson said.

On 18th February 2021, Astro Aerospace a global leader in eVTOL aerial vehicles and drones, entered a binding agreement to acquire Horizon Aircraft.

The transaction is expected to close on the beginning of the 2nd Quarter of 2021, pending customary closing condition.

 


 

 

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