eVTOL stocks represent companies building electric vertical take-off and landing aircraft -- a new class of planes designed to take off, hover, and land without runways. Powered by electric motors instead of jet fuel, eVTOLs aim to enable short-distance air travel in crowded cities.
Investors are watching this space because eVTOLs could support air taxis, emergency medical transport, and cargo delivery -- all with lower noise and emissions than traditional aircraft. The market is still early, but growth expectations are high: the global eVTOL market topped $2 billion in 2024 and is projected to expand rapidly through the end of the decade. Advances in batteries, automation, and aviation regulation will play a major role in determining which eVTOL companies succeed.
Below, we’ll highlight some of the top eVTOL stocks to watch, along with what sets each company apart in this emerging industry.
Five top eVTOL stocks to consider
Several eVTOL companies are moving from development into testing and certification, bringing commercial launches closer to reality. Below are five eVTOL stocks to consider if you’re interested in this emerging aviation market.
| Name and ticker | Market cap | Dividend yield | Industry |
|---|---|---|---|
| Joby Aviation (NYSE:JOBY) | $10.0 billion | 0.00% | Airlines |
| Archer Aviation (NYSE:ACHR) | $5.1 billion | 0.00% | Aerospace and Defense |
| EHang (NASDAQ:EH) | $619.9 million | 0.00% | Aerospace and Defense |
| Vertical Aerospace (NYSE:EVTL) | $438.4 million | 0.00% | Aerospace and Defense |
| Boeing (NYSE:BA) | $185.3 billion | 0.00% | Aerospace and Defense |
1. Joby Aviation
Joby Aviation (JOBY -6.50%) is a California-based transportation company. It's developing eVTOL aircraft intended for use as a fast, quiet, and convenient air taxi service.
NYSE: JOBY
Key Data Points
Joby Aviation aims to launch its electric air taxi services commercially in Dubai by early 2026, building on an exclusive agreement with the United Arab Emirates (UAE) Road and Transport Authority for the first global launch. It expects potential U.S. expansion to follow later in the year.
The company has a six-year exclusive operating agreement as Dubai's air taxi service, with plans for a network of vertiports, including one at the DXB airport and others in Palm Jumeirah, Dubai Downtown, and Dubai Marina. Joby Aviation has also made record progress on the stages required by the Federal Aviation Administration (FAA) to certify its aircraft for commercial passenger use in the U.S.
Joby has been conducting extensive flight testing, including demonstrations in urban settings and with strategic partners like Delta Air Lines (DAL -1.64%) and Uber (UBER +0.26%). Delta previously invested $60 million in Joby, with the potential for as much as $200 million as milestones are met, as well a seat on Joby's board. The partnership aims to offer "home-to-airport" transportation services, initially in New York City and Los Angeles.
Delta is working with Joby to integrate their services, allowing customers to book and pay for flights through the Delta app. Delta is also collaborating with Uber to allow SkyMiles members to earn miles on eligible rides and deliveries. Toyota (TM -1.54%) has also invested significantly in Joby and has a long-term agreement to supply key components for the production of Joby's aircraft.
Virgin Atlantic also plans to have an air taxi service partnership with Joby Aviation once its air taxis are operational. Joby Aviation is even collaborating with the U.S. government to develop and demonstrate eVTOL aircraft technology, including training pilots and delivering aircraft for logistics missions and research.
2. Archer Aviation
Archer Aviation (ACHR -7.48%) is another major player developing eVTOL aircraft. It's hoping to transform urban air mobility with its Midnight aircraft, a piloted, four-passenger eVTOL aircraft designed for rapid back-to-back trips with minimal charging time between flights. Archer is in the final phases of the FAA's Phase-4 type certification process.
NYSE: ACHR
Key Data Points
Archer is also exploring potential applications for its hybrid aircraft platform in the defense sector and is working with partners such as defense technology company Anduril on future vertical lift use cases. The company has formed key partnerships with Ethiopian Airlines, Abu Dhabi Aviation, and Palantir Technologies (PLTR -6.19%) as well, to name a few.
Archer and Southwest Airlines (LUV -0.49%) have also established an agreement to develop operational concepts for air taxi networks, which could potentially offer Southwest customers an airport transport service. Archer has a partnership with Stellantis (STLA -6.01%) as well.
The company has started production of its Midnight aircraft and previously planned to build as many as 10 aircraft in 2025 to support ongoing certification testing programs and deployments with its key partners.
3. EHang Holdings
Headquartered in Guangzhou, China, EHang Holdings (EH -4.09%) is a leading urban air mobility technology platform company specializing in autonomous aerial vehicles (AAVs) for passenger transportation, logistics, smart city management, and aerial media solutions. EHang is at the forefront of developing and commercializing AAVs for various applications within urban environments.
NASDAQ: EH
Key Data Points
EHang's EH216-S is a pilotless two-passenger eVTOL aircraft that is fully autonomous and was the first passenger air taxi to receive certification worldwide. The EH216-S will have a wide range of potential commercial applications, including offering sightseeing and immersive flight experiences in areas like Guizhou and Guangzhou.
EHang is conducting demo flights and exploring partnerships in Africa and the UAE for this aircraft, too. The company has announced that its first commercial eVTOL route, connecting Shenzhen and Hong Kong, is scheduled to open in January 2026. The flight time is expected to be about 20 minutes, with an estimated fare of around 800 yuan (approximately $113).
In November 2025, EHang conducted the first urban human-carrying pilotless eVTOL flights in Qatar and reached a similar landmark in Thailand. EHang also recently introduced the VT35, a long-range pilotless aircraft designed for intercity transport, emergency rescue, and logistics, a major evolution from its flagship EH216-S.
EHang's EH216-S has not received FAA approval for commercial operations in the United States and is broadly focusing its commercialization efforts in the Chinese market. However, in January 2020, EHang conducted its first-ever trial flight of the EHang 216 in America with approval from the FAA.
4. Vertical Aerospace
Headquartered in Bristol, England, Vertical Aerospace (EVTL -4.60%) is currently focused on advancing its eVTOL, the Valo, a piloted, four-passenger (but expandable to six) aircraft designed for urban and regional air mobility. The Valo is the successor to Vertical Aerospace's VX4 prototype but features an enhanced design based on flight test data and customer feedback.
NYSE: EVTL
Key Data Points
The aircraft is designed to fly up to 100 miles at speeds of up to 150 mph with zero operating emissions. Vertical Aerospace is targeting airliner-level safety certification from U.K. and E.U. aviation authorities (CAA and EASA) by 2028, which would allow for commercial air transport over congested areas.
The company is developing the aircraft in collaboration with major aerospace partners, including Honeywell (HON -0.94%) for avionics and flight controls. Initial commercial routes are expected to include airport-to-city center connections, such as between Canary Wharf in London and major airports such as Heathrow and Gatwick.
NYSE: BA
Key Data Points
Boeing also offers a comprehensive family of freighters, carrying about 90% of the world's cargo on its planes. The company continues to develop new aircraft, including the 737 MAX and 777X, and is exploring new technologies such as electric and sustainable aviation fuels. Boeing designs and manufactures a wide range of military aircraft, including bombers and other defense systems.
Boeing plays a significant role in space exploration, including developing spacecraft, satellites, and launch systems. The company also develops and produces various defense systems, including weapons, drones, electronic warfare systems, and intelligence systems.
Boeing is involved in the development of eVTOL aircraft through its subsidiary Wisk Aero. Wisk is focused on creating a fully autonomous eVTOL that can operate without a pilot onboard, with human oversight from the ground.
Wisk is developing its sixth-generation aircraft, which is the version it plans to certify and operate commercially. This four-passenger aircraft has a range of approximately 90 miles and a cruising speed of 120 knots. The company is working closely with the FAA and has a research agreement with NASA to develop certification requirements and integrate autonomous aircraft into the national airspace system.
Wisk has announced plans to launch autonomous commercial flights in major U.S. cities, including Houston, Los Angeles, and Miami, as well as internationally in locations like Brisbane, Australia, by the end of the decade.
Pros and cons of eVTOL stocks
Pros:
eVTOLs could unlock a large new aviation market spanning air taxis, cargo, and emergency transport. If adoption takes off, early leaders could see meaningful long-term growth. Several companies, including Joby and Archer, already have strong backing and partnerships with airlines, automakers, and government agencies, which could help speed development and commercialization.
Cons:
This is still a high-risk, capital-intensive industry. Moving from prototypes to mass production — while securing certification and building supporting infrastructure — is expensive and slow. Most eVTOL companies are burning cash, which raises the risk of dilution. Consumer adoption and long-term economics also remain uncertain.
What to look for in an eVTOL stock
Regulatory progress
Commercial operations depend on regulatory approval. Favor companies that are far along in the certification process, with clear timelines and testing milestones.
Capital and partnerships
eVTOL development requires significant funding. Strong strategic partners can provide capital, manufacturing expertise, and early customers -- all critical advantages.
Financial runway
Review cash on hand, burn rate, and expected funding needs to gauge whether a company can reach commercialization without excessive dilution.
Orders and strategy
Look beyond headline order numbers. Firm orders and pre-delivery payments matter more than nonbinding interest. Also consider the business model: some companies plan to sell aircraft, while others aim to operate their own air taxi networks.
How to invest in eVTOL stocks
If you want to invest in eVTOL stocks, you can buy shares of any publicly traded company through your chosen brokerage account. Here's what you need to know.
- Open your brokerage app: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should you invest in eVTOL?
Whether you should invest in eVTOL stocks will depend on your personal preferences, risk tolerance level, and long-term goals for your portfolio. eVTOL stocks are generally volatile due to the nascent nature of the industry and the high-risk, high-reward potential of these companies.
Here are some points to consider:
- eVTOL technology is still in its early stages, and companies are still developing and testing their aircraft.
- The regulatory landscape for eVTOLs is still evolving, and companies face challenges in obtaining necessary certifications and approvals.
- The eVTOL market is projected to grow rapidly in the coming years, but there's no guarantee that any particular company will be successful.
- Shares of eVTOL stocks are prone to experience significant stock price swings, both positive and negative, and the sector has a generally volatile nature.
For investors who want to bet on the future of this fast-growing emerging market, shares of one or more eVTOL stocks could have a place in a well-diversified portfolio. If you don't have a healthy tolerance for risk, though, you might want to look elsewhere.
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