A new survey conducted by Horizon Aircraft asked private equity and venture capital professionals about the future of the eVTOL industry. It was revealed that 82 percent expect public confidence in the sector to increase over the next three years with 18 percent “expecting a dramatic increase.”

When asked for the reasons why, 80 percent cited a growing acceptance that the first eVTOL flights will have qualified pilots and 69% pointed to major developments around the regulation of the sector. Other factors include more high-profile media coverage of successes in the sector, more successful passenger and cargo VTOL trials, and a growing number of larger companies becoming involved.       

Brandon Robinson, CEO of Horizon Aircraft remarked, “As public confidence in the eVTOL market grows, professional investors expect the sector’s order book to grow and more investment to flow into the industry.”

He continued, “Our research shows 63 percent of private equity and venture capital professionals expect there to be over 430,000 air taxis in operation by 2040, and 88 percent anticipate the sector will generate at least USD30.7 billion by 2030. It is not surprising that our research shows 54 percent of professional investors expect over USD30 billion will be invested in the market by 2030, compared to USD7 billion in 2021.”

Horizon Aircraft commissioned the market research company PureProfile to survey 100 senior private equity and venture capital professionals to ask their views on the eVTOL market. Respondents were based in the US, Canada, UK, Australia, New Zealand, China, Hong Kong, Germany and the UAE. The survey was conducted online in November 2022.

Meanwhile, Horizon Aircraft is currently running rigorous flight testing of its 50 percent-scale Cavorite X5 prototype while continuing to develop a detailed design of a full-scale aircraft. The company has won several grants including a US Department of Defence advanced research and development contract award.

The full-scale aircraft will be powered by a hybrid electric system that can recharge the battery array in-flight, while providing additional system redundancy.

For more information