Maker of the Midnight eVTOL; FAA MOC accepted, ~6–12 months behind Joby. Backed by Stellantis/United/Boeing; ~$1.7B liquidity.
Archer Aviation and defense firm Anduril unveiled a jointly developed hybrid-electric autonomous VTOL — ~400kg payload, 500km+ range — with a military variant, Thunder, pitched as a Group 5 'loyal wingman.' It's the first product of their 2025 partnership; Archer shares rose ~20%. First flight is targeted for 2027.
Archer Aviation, BETA Technologies and Macquarie Capital launched America's Consortium for Electric Skyways (ACES), to deploy interoperable CCS-standard chargers at 250+ airports and vertiports across California, Texas, Florida and New York by 2030 — prioritizing markets in the FAA's eVTOL Integration Pilot Program.
eVTOL leaders are pre-revenue and burning cash toward certification. Joby and Archer have raised billions and look funded; many European rivals already went bankrupt. Our read on who has the runway. (Our opinion, not investment advice.)
Air-taxi makers are not building the same vehicle. Joby and Archer bet on piloted, ~100-mile aircraft; EHang and Volocopter fly shorter, often autonomous hops. The range spec reveals the strategy.
An eVTOL can fly thousands of test flights and still not be allowed to carry a paying passenger. The gate is FAA type certification — a five-stage process — and it, not flashy demos, is the real finish line.
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Joby Aviation 
Volocopter 
EHang