Electric Air Taxis Are Already Coming in for a Hard Landing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Should l Buy EVTL?
Source: WSJ
Lilium's Financial Struggles: Lilium, a startup focused on electric vertical takeoff and landing vehicles (eVTOL), is facing financial difficulties and plans to apply for self-administration proceedings similar to Chapter 11 bankruptcy in the U.S.
Need for Investment: Despite the potential of electric air taxis, significant funding is required for their development and operational launch.
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Analyst Views on EVTL
Wall Street analysts forecast EVTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVTL is 12.33 USD with a low forecast of 11.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.060
Low
11.00
Averages
12.33
High
15.00
Current: 4.060
Low
11.00
Averages
12.33
High
15.00
About EVTL
Vertical Aerospace Ltd. is a United Kingdom-based global aerospace and technology company, focused on electric aviation. The Company is focused on designing, manufacturing, and selling a zero-operating emission Electric Vertical Take-Off and Landing (eVTOL) aircraft for use in the advanced air mobility market. It is developing, and is progressing towards the certification of, its eVTOL, the VX4, which has undergone the first stages of its flight test campaign. Its VX4 is a piloted, four-passenger eVTOL aircraft, with zero operating emissions and traveling distances of up to 100 miles and achieving cruise speeds of 150 miles per hour. It is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. It aims to sell globally certified eVTOL aircraft to a variety of customers, as well as providing both original equipment manufacturers (OEM) sales and aftermarket services to its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vertical Aerospace Partners with Evolito for Electric Propulsion Units
- Strategic Partnership: Vertical Aerospace has entered a long-term partnership with Evolito, which will supply electric propulsion units (EPUs) for Vertical's eVTOL aircraft, Valo, significantly enhancing its performance and safety, with certification aimed for 2028 to meet standards equivalent to large commercial airliners.
- Technological Innovation: Evolito's EPU architecture integrates lightweight electric motors and high-integrity DAL-A power electronics, providing extended range and high performance, addressing the evolving needs of the Advanced Air Mobility market, with flight testing for a hybrid-electric variant expected to begin in mid-2026.
- Industry Impact: This collaboration supports the UK government's ambition in aerospace innovation, backed by £2.3 billion in funding through the Aerospace Technology Institute (ATI) to accelerate the development of cleaner, more efficient aircraft, further solidifying the UK's leadership in zero-emission flight.
- Market Outlook: Vertical has secured approximately 1,500 pre-orders for Valo, with customers across four continents, including American Airlines and Japan Airlines, indicating strong market demand for electric aviation solutions, which is expected to drive future growth and market share expansion for the company.
See More
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- Partnership Agreement: Vertical Aerospace has established a long-term partnership with Evolito to supply electric propulsion units for its Valo eVTOL aircraft, which is expected to significantly accelerate Valo's path to commercialization, targeting certification equivalent to large commercial airliners by 2028.
- Technical Advantages: Evolito's electric propulsion units feature a lightweight design and efficient electric motors, integrating high-integrity DAL-A power electronics, ensuring that Valo possesses the high performance and redundancy required for commercial operations, thereby enhancing its market competitiveness.
- Certification Plans: Vertical and Evolito will jointly seek certification from the UK Civil Aviation Authority (CAA) and the European Union Aviation Safety Agency (EASA), paving the way for validation by global regulators, which will lay the groundwork for Valo's commercial operations.
- Market Outlook: Vertical's Valo aircraft has secured approximately 1,500 pre-orders from customers including American Airlines and Japan Airlines, indicating strong market demand for electric aviation and reflecting Vertical's strategic position in the advanced air mobility market.
See More
Vertical Aerospace Partners with Evolito for Electric Engines
- Strategic Partnership: Vertical Aerospace has established a long-term partnership with Evolito, which will supply electric propulsion units for Vertical's commercial eVTOL aircraft, Valo, aiming for certification equivalent to large commercial airliners by 2028, thus advancing the commercialization of electric aviation.
- Technological Innovation and Certification: Evolito's electric propulsion units feature lightweight, efficient motors and high-integrity DAL-A power electronics, meeting Valo's high-performance and redundancy requirements, ensuring a competitive edge in the future market.
- Market Demand Response: Vertical is also developing a hybrid-electric variant to meet the growing demands of the Advanced Air Mobility market, with flight testing expected to begin in mid-2026, thereby enhancing its market adaptability and product diversity.
- Support for UK Aviation Innovation: This collaboration aligns with the UK government's ambition in aerospace innovation, expected to receive £2.3 billion in funding to accelerate the development of cleaner, more efficient aircraft, further solidifying the UK's leadership in the global aviation market.
See More
JetSetGo and Vertical Aerospace Sign MoU for 50 Valo Aircraft Purchase
- Strategic Collaboration: JetSetGo and Vertical Aerospace have signed a Memorandum of Understanding to purchase 50 Valo aircraft, marking a strategic partnership aimed at developing Advanced Air Mobility services in India, which is expected to drive aviation innovation in the Indian market.
- Hybrid-Electric Aircraft Evaluation: The agreement includes the evaluation of hybrid-electric aircraft for long-range missions, which not only enhances the sustainability of air transport but also opens new business opportunities in the future aviation market.
- Market Positioning: This collaboration positions India as a key market for certified Advanced Air Mobility services, indicating the commitment of JetSetGo and Vertical Aerospace to the potential of the Indian aviation market, which may attract further investment and technological partnerships.
- Industry Outlook: As demand for Advanced Air Mobility services increases, this partnership not only enhances the competitiveness of both companies in the global aviation market but also accelerates the rapid development and application of related technologies.
See More
JetSetGo Partners with Vertical Aerospace for 50 Valo Aircraft Purchase
- Strategic Partnership: JetSetGo has signed a Memorandum of Understanding with Vertical Aerospace for the intended purchase of 50 Valo electric aircraft, aiming to collaboratively develop Advanced Air Mobility services in India, marking a significant step in electric aviation collaboration.
- Electric Aircraft Performance: The Valo aircraft is designed to fly up to 160 km at speeds of 240 km/h with zero emissions, meeting airliner safety standards, which is expected to drive the growth of electric aviation in the Indian market.
- Market Research and Planning: JetSetGo will lead market research and operational planning, conducting technical evaluations and demand modeling on specific corridors to ensure Valo aircraft effectively connect cities and underserved regional markets, enhancing travel efficiency.
- Future Development Outlook: Vertical aims to achieve type certification for Valo by 2028, and the partnership with JetSetGo will facilitate early commercialization, promoting the development of Advanced Air Mobility services in India, aligning with regulatory support for AAM initiatives.
See More
JetSetGo Partners with Vertical for 50 Valo Aircraft Pre-Order
- Strategic Partnership: JetSetGo has signed a Memorandum of Understanding with Vertical Aerospace for the intended purchase of 50 Valo electric aircraft, aiming to jointly develop Advanced Air Mobility services in India, positioning the country as a key player in the certified AAM market.
- Market Research and Operational Planning: JetSetGo will lead market research and operational planning focused on metro and short-haul regional routes, which is expected to drive the commercialization of electric and hybrid-electric aircraft, addressing the growing travel demands in India.
- Electric Aircraft Design and Certification: The Valo aircraft is designed to achieve a flight range of 160 km and a speed of 240 km/h with zero emissions, with Vertical targeting type certification by 2028 under UK and European regulators, facilitating early commercial rollout of AAM services in India.
- Industry Outlook and Investment: This partnership not only reflects JetSetGo's confidence in future market opportunities but also complements Vertical's development of hybrid-electric aircraft, which is anticipated to bring new transport solutions and business opportunities to India's aviation market.
See More
Vertical Aerospace Partners with Evolito for Electric Propulsion Units
- Strategic Partnership: Vertical Aerospace has entered a long-term partnership with Evolito, which will supply electric propulsion units (EPUs) for Vertical's eVTOL aircraft, Valo, significantly enhancing its performance and safety, with certification aimed for 2028 to meet standards equivalent to large commercial airliners.
- Technological Innovation: Evolito's EPU architecture integrates lightweight electric motors and high-integrity DAL-A power electronics, providing extended range and high performance, addressing the evolving needs of the Advanced Air Mobility market, with flight testing for a hybrid-electric variant expected to begin in mid-2026.
- Industry Impact: This collaboration supports the UK government's ambition in aerospace innovation, backed by £2.3 billion in funding through the Aerospace Technology Institute (ATI) to accelerate the development of cleaner, more efficient aircraft, further solidifying the UK's leadership in zero-emission flight.
- Market Outlook: Vertical has secured approximately 1,500 pre-orders for Valo, with customers across four continents, including American Airlines and Japan Airlines, indicating strong market demand for electric aviation solutions, which is expected to drive future growth and market share expansion for the company.
See More
Evolito to Supply Electric Propulsion Units for Vertical's Valo Aircraft
- Partnership Agreement: Vertical Aerospace has established a long-term partnership with Evolito to supply electric propulsion units for its Valo eVTOL aircraft, which is expected to significantly accelerate Valo's path to commercialization, targeting certification equivalent to large commercial airliners by 2028.
- Technical Advantages: Evolito's electric propulsion units feature a lightweight design and efficient electric motors, integrating high-integrity DAL-A power electronics, ensuring that Valo possesses the high performance and redundancy required for commercial operations, thereby enhancing its market competitiveness.
- Certification Plans: Vertical and Evolito will jointly seek certification from the UK Civil Aviation Authority (CAA) and the European Union Aviation Safety Agency (EASA), paving the way for validation by global regulators, which will lay the groundwork for Valo's commercial operations.
- Market Outlook: Vertical's Valo aircraft has secured approximately 1,500 pre-orders from customers including American Airlines and Japan Airlines, indicating strong market demand for electric aviation and reflecting Vertical's strategic position in the advanced air mobility market.
See More
Vertical Aerospace Partners with Evolito for Electric Engines
- Strategic Partnership: Vertical Aerospace has established a long-term partnership with Evolito, which will supply electric propulsion units for Vertical's commercial eVTOL aircraft, Valo, aiming for certification equivalent to large commercial airliners by 2028, thus advancing the commercialization of electric aviation.
- Technological Innovation and Certification: Evolito's electric propulsion units feature lightweight, efficient motors and high-integrity DAL-A power electronics, meeting Valo's high-performance and redundancy requirements, ensuring a competitive edge in the future market.
- Market Demand Response: Vertical is also developing a hybrid-electric variant to meet the growing demands of the Advanced Air Mobility market, with flight testing expected to begin in mid-2026, thereby enhancing its market adaptability and product diversity.
- Support for UK Aviation Innovation: This collaboration aligns with the UK government's ambition in aerospace innovation, expected to receive £2.3 billion in funding to accelerate the development of cleaner, more efficient aircraft, further solidifying the UK's leadership in the global aviation market.
See More
JetSetGo and Vertical Aerospace Sign MoU for 50 Valo Aircraft Purchase
- Strategic Collaboration: JetSetGo and Vertical Aerospace have signed a Memorandum of Understanding to purchase 50 Valo aircraft, marking a strategic partnership aimed at developing Advanced Air Mobility services in India, which is expected to drive aviation innovation in the Indian market.
- Hybrid-Electric Aircraft Evaluation: The agreement includes the evaluation of hybrid-electric aircraft for long-range missions, which not only enhances the sustainability of air transport but also opens new business opportunities in the future aviation market.
- Market Positioning: This collaboration positions India as a key market for certified Advanced Air Mobility services, indicating the commitment of JetSetGo and Vertical Aerospace to the potential of the Indian aviation market, which may attract further investment and technological partnerships.
- Industry Outlook: As demand for Advanced Air Mobility services increases, this partnership not only enhances the competitiveness of both companies in the global aviation market but also accelerates the rapid development and application of related technologies.
See More
JetSetGo Partners with Vertical Aerospace for 50 Valo Aircraft Purchase
- Strategic Partnership: JetSetGo has signed a Memorandum of Understanding with Vertical Aerospace for the intended purchase of 50 Valo electric aircraft, aiming to collaboratively develop Advanced Air Mobility services in India, marking a significant step in electric aviation collaboration.
- Electric Aircraft Performance: The Valo aircraft is designed to fly up to 160 km at speeds of 240 km/h with zero emissions, meeting airliner safety standards, which is expected to drive the growth of electric aviation in the Indian market.
- Market Research and Planning: JetSetGo will lead market research and operational planning, conducting technical evaluations and demand modeling on specific corridors to ensure Valo aircraft effectively connect cities and underserved regional markets, enhancing travel efficiency.
- Future Development Outlook: Vertical aims to achieve type certification for Valo by 2028, and the partnership with JetSetGo will facilitate early commercialization, promoting the development of Advanced Air Mobility services in India, aligning with regulatory support for AAM initiatives.
See More
JetSetGo Partners with Vertical for 50 Valo Aircraft Pre-Order
- Strategic Partnership: JetSetGo has signed a Memorandum of Understanding with Vertical Aerospace for the intended purchase of 50 Valo electric aircraft, aiming to jointly develop Advanced Air Mobility services in India, positioning the country as a key player in the certified AAM market.
- Market Research and Operational Planning: JetSetGo will lead market research and operational planning focused on metro and short-haul regional routes, which is expected to drive the commercialization of electric and hybrid-electric aircraft, addressing the growing travel demands in India.
- Electric Aircraft Design and Certification: The Valo aircraft is designed to achieve a flight range of 160 km and a speed of 240 km/h with zero emissions, with Vertical targeting type certification by 2028 under UK and European regulators, facilitating early commercial rollout of AAM services in India.
- Industry Outlook and Investment: This partnership not only reflects JetSetGo's confidence in future market opportunities but also complements Vertical's development of hybrid-electric aircraft, which is anticipated to bring new transport solutions and business opportunities to India's aviation market.
See More
