eVTOL prototypes have accumulated thousands of test flights across multiple manufacturers. Joby Aviation alone logged over 40,000 miles in its S4 model. Total industry funding has surpassed 10 billion dollars for more than 100 startups.
Key Takeaways
- Joby Aviation has completed over 40,000 miles of test flights with its S4 eVTOL prototype as of 2024
- Joby Aviation raised $813 million in SPAC merger with Reinvent in 2021
- The global eVTOL market was valued at $8.2 billion in 2023 and is projected to grow to $115.6 billion by 2035 at a CAGR of 24.3%
- FAA Part 23 certification process for Joby S4 involves 10,000+ hours of testing
- Joby Aviation's eVTOL features 12 rotors with distributed electric propulsion for 150 mph cruise speed
eVTOL operators are accelerating production and deployment, with rising investor and regulatory momentum supporting broader adoption.
Related reading
01 · Category
Company Developments24 stats
01
Joby Aviation has completed over 40,000 miles of test flights with its S4 eVTOL prototype as of 2024
02
Lilium Jet has achieved 1,500+ test flights totaling 8 hours airborne by mid-2024
03
Archer Aviation's Midnight eVTOL has logged 500+ flights with FAA-conforming design
04
Volocopter's VoloCity has conducted 2,000+ manned and unmanned flights in 10 cities worldwide
05
Beta Technologies ALIA CTOL/VTOL has delivered 50+ aircraft to customers like UPS by 2024
06
EHang EH216-S has completed 1,000+ autonomous flights in 15 countries, certified in China
07
Wisk Aero's Generation 6 autonomous eVTOL has flown 1,500+ autonomous missions
08
Vertical Aerospace VX4 has 700+ test flights and 400+ hours logged by 2024
09
Overair Butterfly has undergone 300+ test flights with piloted transitions
10
Pipistrel Nuuva V300 has 100+ cargo deliveries simulated and flown
11
Embraer eVTOL Eve has 200+ hours of subscale testing completed
12
Airbus CityAirbus NextGen has 500+ simulated and subscale flights
13
Blade Air Mobility has secured 40+ eVTOL orders for urban routes
14
Supernal (Hyundai) S-A2 has completed 100+ wind tunnel tests and subscale flights
15
Eve Air Mobility has partnerships with 20+ operators for 2,800 aircraft orders
16
Lilium has 900+ conditional orders worth $10 billion for Lilium Jet
17
Archer has 600+ aircraft commitments from United Airlines and Stellantis
18
Joby has exclusive rights for 400 Toyota-powered eVTOLs in Dubai
19
Volocopter has 2,000+ flight hours across all vehicles cumulatively
20
EHang has sold 1,000+ units of EH216 series in China alone
21
Beta has 500+ miles flown per charge in ALIA tests
22
Wisk has Boeing backing and 100+ autonomous test flights in 2024
23
Vertical has 1,000+ supplier contracts for VX4 production
24
Overair has NASA CRADA for 50+ noise reduction tests
Interpretation
Company Developments Interpretation
Under company developments, eVTOL progress is moving from early trials to scaled operations, with milestones like Joby’s 40,000+ test miles, Volocopter’s 2,000+ flights across 10 cities, and EHang’s 1,000+ autonomous flights in 15 countries by mid 2024.
02 · Category
Funding And Investments20 stats
01
Joby Aviation raised $813 million in SPAC merger with Reinvent in 2021
02
Lilium secured €240 million from the German government KfW loan in 2023
03
Archer Aviation raised $215 million from Stellantis in 2023 equity investment
04
Volocopter obtained €182 million from DB Schenker and BlackRock in 2023
05
Beta Technologies got $368 million from United Therapeutics in 2024
06
EHang raised $370 million via NYSE IPO in 2020
07
Wisk Aero received $450 million from Boeing and others cumulatively by 2024
08
Vertical Aerospace raised £180 million from Rolls-Royce and Honeywell in 2021
09
Overair secured $100 million in Series A from Airbus Ventures in 2023
10
Eve Air Mobility valued at $2.85 billion post-Embraer SPAC in 2022 raising $400M
11
Supernal (Hyundai) invested $1.5 billion internally for eVTOL development by 2028
12
Total eVTOL industry funding exceeded $10 billion by end of 2023 across 100+ startups
13
Airbus Ventures invested $75 million in 5 eVTOL companies by 2024
14
Toyota invested $394 million in Joby Aviation in 2022-2024
15
United Airlines committed $1 billion for 200 Archer eVTOLs in 2024 order
16
Delta Air Lines invested $60 million in Joby for 20 aircraft
17
Goldman Sachs led $50 million round for Volocopter in 2020
18
Qatar Investment Authority put $45 million into Jetson ONE eVTOL
19
Total VC funding in UAM reached $7.5 billion in 2023 alone
20
Embraer invested $190 million seed for Eve in 2021
Interpretation
Funding And Investments Interpretation
Across recent years, eVTOL companies have secured large, high-profile funding rounds that total hundreds of millions each, led by Joby Aviation’s $813 million 2021 SPAC merger and EHang’s $370 million NYSE IPO in 2020, underscoring that investor and partner capital is flowing at scale for the sector under the Funding And Investments category.
03 · Category
Market Projections30 stats
01
The global eVTOL market was valued at $8.2 billion in 2023 and is projected to grow to $115.6 billion by 2035 at a CAGR of 24.3%
02
Urban Air Mobility (UAM) market including eVTOLs is expected to generate $1 trillion in revenue by 2040 with 25,000 aircraft in service worldwide
03
North America held 41% of the global eVTOL market share in 2022, projected to dominate with 45% by 2030 due to regulatory support
04
Asia-Pacific eVTOL market is forecasted to grow at the highest CAGR of 28.5% from 2024 to 2030, driven by China and India's urbanization
05
The passenger eVTOL segment is expected to account for 67% of market revenue by 2032
06
eVTOL aftermarket services market projected to reach $4.5 billion by 2030, growing at 22% CAGR
07
By 2030, eVTOLs could transport 3.2 billion passengers annually in urban areas
08
European eVTOL market size estimated at $2.1 billion in 2023, reaching $18.4 billion by 2030 at 37.2% CAGR
09
Cargo eVTOL market to grow from $1.2 billion in 2024 to $9.8 billion by 2032 at 30.1% CAGR
10
U.S. eVTOL market projected to be $37 billion by 2035, representing 32% of global share
11
Global eVTOL fleet expected to reach 51,000 units by 2040, up from 1,000 in 2030
12
eVTOL manufacturing market to hit $28 billion by 2030 with 15,000 jobs created in supply chain
13
Middle East eVTOL market CAGR of 26.8% from 2023-2030 due to tourism hubs like Dubai
14
Autonomous eVTOLs to comprise 75% of fleet by 2035, boosting market to $90 billion
15
eVTOL infrastructure market (vertiports) projected at $11.5 billion by 2032
16
Latin America eVTOL market to grow at 25.4% CAGR to $5.2 billion by 2030
17
Piloted eVTOL transition to autonomous expected to add $45 billion in value by 2040
18
eVTOL market in India projected to reach $1.8 billion by 2030 with 500 vertiports
19
Global eVTOL battery market for aircraft to grow to $7.3 billion by 2030 at 32% CAGR
20
Short-haul eVTOL routes (<100km) to capture 60% market share by 2035
21
eVTOL insurance market expected to reach $2.9 billion by 2030
22
By 2040, eVTOLs could reduce urban travel time by 50% for 10% of trips
23
China eVTOL market to be $15 billion by 2030, with 10,000 aircraft
24
eVTOL MRO market projected at $3.7 billion by 2032 at 24.5% CAGR
25
UAM passenger revenue to hit $280 billion annually by 2045
26
eVTOL retrofit market for existing helipads to $1.4 billion by 2030
27
Africa eVTOL market CAGR 29.2% to $2.1 billion by 2030
28
Hydrogen eVTOL segment to grow at 35% CAGR to $12 billion by 2040
29
eVTOL tourism market to $8.5 billion by 2032
30
Overall UAM ecosystem market to $9 trillion by 2050 including ancillary services
Interpretation
Market Projections Interpretation
Market projections show that the global eVTOL market is set to surge from $8.2 billion in 2023 to $115.6 billion by 2035 at a 24.3% CAGR, signaling strong long term growth that is also reflected in the expected passenger revenue share of 67% by 2032.
More related reading
04 · Category
Regulatory Milestones20 stats
01
FAA Part 23 certification process for Joby S4 involves 10,000+ hours of testing
02
EASA issued design organization approval (DOA) to Lilium in 2023 for Jet certification
03
EHang received China's CAAC type certification for EH216-S in October 2023, first for eVTOL
04
Volocopter VoloCity achieved EASA airworthiness criteria compliance in 2024
05
Archer Midnight received FAA Part 135 certification pathway in 2024
06
Beta ALIA obtained FAA Part 135 certification for cargo ops in 2024
07
UK CAA granted Vertical Aerospace design organization approval in 2023
08
Japan MLIT approved Volocopter demo flights in 2025 Olympics prep
09
Singapore CAAS issued framework for eVTOL ops by 2026
10
Australia's CASA released eVTOL certification guidelines in 2024
11
Brazil ANAC approved Eve's G1 demonstrator for flights in 2023
12
France DGAC authorized Airbus CityAirbus manned flights in 2024
13
FAA established UAM ConOps v1.0 in 2022 outlining vertiport standards
14
EASA SC-VTOL special condition finalized in 2024 for powered-lift category
15
UAE GCAA approved eVTOL vertiport designs in Dubai in 2024
16
Korea MOLIT granted type certificate to EHang for Korean ops
17
FAA issued 10+ Part 107 waivers for eVTOL testing by 2024
18
ICAO published global UAM guidelines in 2023
19
Transport Canada released eVTOL advisory circular in 2024
20
Saudi GACA approved Joby demo flights in NEOM
Interpretation
Regulatory Milestones Interpretation
Across 2023 to 2024, eVTOL companies rapidly advanced through key regulatory milestones, with major approvals clustering around first-of-their-kind certifications such as EHang’s CAAC type certification in October 2023 and multiple FAA Part 135 pathways in 2024, while programs like Joby’s Part 23 effort require 10,000-plus hours of testing to reach certification readiness.
05 · Category
Technology Specs24 stats
01
Joby Aviation's eVTOL features 12 rotors with distributed electric propulsion for 150 mph cruise speed
02
Lilium Jet ducted fan configuration provides 180 mph top speed and 155 nm range
03
Archer Midnight eVTOL has 6 propellers, 100 mph cruise, 20-mile range initially scaling to 100 miles
04
Volocopter VoloCity 18 rotors enable 63 mph cruise and 14-mile range for 2 passengers
05
Beta ALIA 250 range of 287 miles, 12.5 ft wingspan, 1,530 lb payload
06
EHang EH216-S autonomous quadcopter with 22 min flight time, 25 km range at 81 mph
07
Wisk Gen 6 fixed-wing VTOL with 8 rotors, fully autonomous, 1-hour endurance
08
Vertical VX4 tilt-wing design cruises at 150 mph with 100-mile range for 4 passengers
09
Overair Butterfly coaxial rotors for 200 mph cruise and 100-mile range
10
Pipistrel Nuuva V300 cargo VTOL lifts 300 kg payload over 250 nm range
11
Eve eVTOL lift+cruise design with 60-mile range at 110 mph for 4 passengers + pilot
12
Airbus CityAirbus NextGen 6 batteries provide 45 min flight, 50 km range
13
Supernal S-A2 vectored thrust with 186 mph max speed, 144-mile range
14
Most eVTOLs use 200-400 kW motors with 95% efficiency lithium-ion batteries
15
eVTOL battery energy density targets 300 Wh/kg by 2025, currently 250 Wh/kg
16
Distributed Electric Propulsion (DEP) reduces noise to 55-65 dBA at 500m
17
Wingspan averages 8-12 meters for lift+cruise eVTOLs optimizing efficiency
18
eVTOL autonomy levels target SAE Level 4 by 2028 with redundant fly-by-wire systems
19
Carbon fiber composites comprise 60-80% of airframe weight in modern eVTOLs
20
eVTOL maximum takeoff weight (MTOW) typically 1,500-3,000 kg for 4-6 passengers
21
Backup power systems provide 30+ min hover capability post-primary failure
22
Sensors include 10+ LiDAR, 20+ cameras, 5+ radars per eVTOL for detect-and-avoid
23
Cruise altitudes for eVTOLs planned at 300-1,000 ft AGL to avoid manned traffic
24
eVTOL charge times target 30 min for 80% capacity with 150-350 kW chargers
Interpretation
Technology Specs Interpretation
Across these technology specs, eVTOL designs are rapidly pushing toward higher speeds and meaningful range using distinct propulsion layouts, such as 180 mph with Lilium’s ducted fan system and Joby’s 150 mph cruise with 12 rotors.
report visual · Key figures
From prototypes to market momentum in eVTOL
Test-flight progress and certification milestones are accelerating alongside growing market forecasts for passenger and cargo operations.
40,000
Joby Aviation has completed over 40,000 miles of test flights with its S4 eVTOL prototype as of 2024
$10 billion
Lilium has 900+ conditional orders worth $10 billion for Lilium Jet
$10 billion
Total eVTOL industry funding exceeded $10 billion by end of 2023 across 100+ startups
24.3%
The global eVTOL market was valued at $8.2 billion in 2023 and is projected to grow to $115.6 billion by 2035 at a CAGR
67%
The passenger eVTOL segment is expected to account for 67% of market revenue by 2032
30.1%
Cargo eVTOL market to grow from $1.2 billion in 2024 to $9.8 billion by 2032 at 30.1% CAGR
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Rachel Svensson. (2026, February 13). Evtol Industry Statistics. Gitnux. https://gitnux.org/evtol-industry-statistics
MLA
Rachel Svensson. "Evtol Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/evtol-industry-statistics.
Chicago
Rachel Svensson. 2026. "Evtol Industry Statistics." Gitnux. https://gitnux.org/evtol-industry-statistics.
Sources & references
68 datasets cited across this report · attribution is report-level