#evtol

#evtol

Valo is the aircraft that turns electric flight into a commercial reality clean, quiet, fast and engineered for everyday service, Vertical Aerospace chief executive Stuart Simpson said in a statement on Wednesday. Handout picture provided by Vertical Aerospace of their Valo aircraft prototype, an electric flying taxi which the company hopes can get approval for commercial service in 2028. (PA/Vertical Aerospace) It marks a new dawn in transport, one that will connect people in minutes, not hours.

Flying taxis are officially known as electric vertical takeoff and landing vehicles, or eVTOLs. The idea is that 10 to 20-minute flights can make commutes easier compared to driving a car. Unlike helicopters, which face numerous restrictions due to their noise, the fact that eVTOLs are electric means they're much quieter. The company has previously said it expects a seat on board to cost about the same as an Uber Black, or around $150.

Joby Aviation ( NYSE: JOBY) will report third-quarter 2025 earnings after the close today. The company's shares, up 135% in the past 6 months, have surged on growing optimism that its long-awaited eVTOL aircraft could enter commercial service within the next 18 months. Following an eventful second quarter marked by the acquisition of Blade's passenger operations, successful flight testing in Dubai, and rapid certification progress, the upcoming update will give investors a clearer picture of how soon "air taxis" might begin generating real revenue.

Joby's all-electric air taxi, capable of carrying a pilot and four passengers at speeds of up to 200 miles per hour with zero emissions, aims to revolutionize travel in Dubai.

Vertical's hybrid-electric strategy isn't unique to the startup. Archer Aviation announced a new unit dedicated to defense alongside plans to work with Anduril.