5 Best eVTOL Stocks to Invest in 2025

eVTOL is short for electric vertical take-off and landing aircraft, a new category of aircraft that could revolutionize urban air mobility. These aircraft utilize electric motors and batteries for propulsion instead of traditional combustion engines, allowing them to hover, take off, and land vertically without needing runways or long taxiways.

Proponents of eVTOLs envision this technology as a key component of urban air mobility networks of the future that could potentially provide on-demand air taxi services, medical transportation, cargo delivery, and more. These aircraft could also offer the potential for quieter, more sustainable, and potentially fully automated air travel.

Numerous companies are developing their own eVTOL technologies that could disrupt this space in the coming years and pave the way for what air mobility looks like decades from now.

The global eVTOL aircraft market size was valued at more than $2 billion in 2024 and is expected to grow at a compound annual growth rate of 54.9% in the coming years, achieving a potential valuation of $28.61 billion by 2030. Advancements in battery technology including increased power, lighter weight, and faster charging times are crucial for the viability of eVTOLs.

The North America and the Asia-Pacific regions are densely populated urban areas that are among the key addressable markets for eVTOL aircraft.

Joby Aviation (JOBY +2.94%) is a California-based transportation company developing eVTOL aircraft intended for use as a fast, quiet, and convenient air taxi service. The company aims to begin commercial air taxi flights in late 2025 or early 2026, with its first launch planned in Dubai and potentially other locations shortly thereafter.

Joby Aviation has made record progress on four of the five stages required by the Federal Aviation Administration (FAA) to certify its aircraft for commercial passenger use in the U.S. and expects Type Inspection Authorization (TIA) flight testing to begin in the coming months. Joby 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 has also been conducting extensive flight testing, including demonstrations in urban settings and with strategic partners like Delta Air Lines (DAL +3.71%) and Uber (UBER -0.57%). Delta previously invested $60 million in Joby, with the potential for a total investment of as much as $200 million as milestones are met, and 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 +0.64%) 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 is one of the newer companies that will have an air taxi service partnership with Joby Aviation once its air taxis are operational.

Joby Aviation is collaborating with the U.S. government to develop and demonstrate eVTOL aircraft technology, including training pilots and delivering aircraft for logistics missions and research. The company has delivered its second aircraft to Edwards Air Force Base, Calif., and has five aircraft in its flight test fleet.

2. Archer Aviation

Archer Aviation (ACHR +3.76%) 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 phase of the FAA's Phase-4 type certification process.

Archer is also exploring potential applications for its hybrid aircraft platform in the defense sector, working with partners like defense technology company Anduril on future vertical lift use cases. The company has formed partnerships with Ethiopian Airlines, Abu Dhabi Aviation, and Palantir Technologies (PLTR +2.28%) as well, to name several key partners.

Archer and Southwest Airlines (LUV +1.63%) have also established an agreement to develop operational concepts for air taxi networks, which could potentially offer Southwest customers an airport transport service. Archer also has a partnership with Stellantis (STLA +1.11%). Archer has started production of its Midnight aircraft and plans to build as many as 10 aircraft this year to support ongoing certification testing programs and deployments with its key partners.

Headquartered in Guangzhou, China, EHang Holdings (EH -1.52%) 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. The company develops and markets AAVs, including eVTOL aircraft and related command-and-control systems.

EHang is working to make safe, autonomous, and eco-friendly air mobility accessible to everyone through their AAVs. The company is also exploring the use of AAVs for delivering goods and packages as well as for tasks like aerial photography, surveillance, and emergency response.

EHang's EH216-S is a pilotless eVTOL aircraft was the first passenger air taxi to receive certification worldwide and is fully autonomous, meaning it does not require a pilot within the aircraft. EHang has completed debut commercial flight demonstrations in cities like Guangzhou and Hefei, and has conducted passenger flights in Thailand as it works to set up commercial flight operations there.

The company also completed the Middle East's first passenger-carrying flight on its autonomous eVTOL aircraft when it transported members of a local partner on a demonstration flight at the Abu Dhabi Emirates Falcons Aviation Club. 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

5. Boeing

Boeing (BA +1.64%) is known for its commercial and military aircraft manufacturing, space exploration, and defense systems. As a leading manufacturer of commercial jetliners, producing iconic aircraft like the 737, 767, 777, and 787 families, Boeing-built commercial jetliners account for almost half of the world's fleet. 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 like 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 develops and produces various defense systems, including weapons, drones, electronic warfare systems, and intelligence systems.

Boeing is also involved in the development of electric vertical takeoff and landing 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 working toward FAA certification for air taxi operations, and the investment from Boeing will contribute to this process, but certification is probably still years away. Boeing's primary business areas remain commercial airliners and defense/space programs, so investors who want exposure to an eVTOL company that isn’t a pure play might take a second look at this top stock.

Related investing topics