JoeBen Bevirt, Joby Aviation
CEO JoeBen Bevirt with the Joby eVTOL prototype.
  • The growing electric air taxi market is expected to be a $57 billion industry by 2035.
  • Startups are racing to build the first certified eVTOL thanks to investments from airlines like United and Delta.
  • Joby Aviation recently got the green light to start flight testing of its five-seater S4 2.0 eVTOL.

The era of electric air taxis is almost here, and there are several competitors vying for a piece of the lucrative market.

Startups like Archer Aviation, Vertical Aerospace, EVE Air Mobility, Boeing-backed Wisk, and Joby Aviation are all building a new type of aircraft known as an electric takeoff and landing vehicle, or eVTOL.