Vertical Aerospace Unveils Valo eVTOL Air Taxi, Aiming for Uber Black Pricing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: Yahoo Finance
- eVTOL Air Taxi Debut: Vertical Aerospace showcased its Valo electric vertical takeoff and landing aircraft in New York, featuring a nearly 50-foot wingspan and capacity for six passengers plus a pilot, marking a significant advancement in urban air mobility.
- Affordable Pricing Strategy: The company aims to price trips from Manhattan to JFK around $150 per seat, comparable to Uber Black, which seeks to democratize urban air travel and move away from the traditional high-end helicopter market.
- Safety Certification Process: Valo will undergo rigorous certification by European aviation authorities, with a targeted operational launch in 2028, as Vertical Aerospace aims to build public trust by demonstrating safety comparable to commercial jets like the Boeing 737.
- Strategic Partnerships: Vertical is collaborating with Bristow Group and Skyports Infrastructure to establish an electric air travel network connecting New York City to major airports, enhancing its competitive edge in the emerging air taxi market.
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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: 5.090
Low
11.00
Averages
12.33
High
15.00
Current: 5.090
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 Unveils Valo eVTOL Air Taxi, Aiming for Uber Black Pricing
- eVTOL Air Taxi Debut: Vertical Aerospace showcased its Valo electric vertical takeoff and landing aircraft in New York, featuring a nearly 50-foot wingspan and capacity for six passengers plus a pilot, marking a significant advancement in urban air mobility.
- Affordable Pricing Strategy: The company aims to price trips from Manhattan to JFK around $150 per seat, comparable to Uber Black, which seeks to democratize urban air travel and move away from the traditional high-end helicopter market.
- Safety Certification Process: Valo will undergo rigorous certification by European aviation authorities, with a targeted operational launch in 2028, as Vertical Aerospace aims to build public trust by demonstrating safety comparable to commercial jets like the Boeing 737.
- Strategic Partnerships: Vertical is collaborating with Bristow Group and Skyports Infrastructure to establish an electric air travel network connecting New York City to major airports, enhancing its competitive edge in the emerging air taxi market.
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Joby Aviation Leads U.S. Certification Race, Prepares for 2026 Dubai Launch
- Certification Progress: Joby is leading the FAA certification race in the U.S., with plans for commercialization in Dubai by 2026, which could significantly boost the company's stock price.
- Partnerships: Collaborations with Toyota, Delta Air Lines, and Uber provide Joby with essential manufacturing expertise and market access, enhancing its vertically integrated transportation service capabilities.
- Production Capacity Increase: Joby announced a doubling of its aircraft production capacity at its Marina, California facility, further solidifying its market position and meeting future demand.
- International Expansion Plans: Joby aims to launch an air taxi service in Dubai in 2026 and conduct pre-commercial evaluation flights in Saudi Arabia, showcasing its ambition for global market expansion.
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