eVTOL

BETA Technologies filed for an IPO, aiming for a $7.2 billion valuation and seeking to raise up to $825 million. The electric aircraft manufacturer’s move comes amid growing investor interest in the eVTOL sector, fueled by government initiatives and partnerships. While BETA’s revenue doubled in the first half of 2025, net losses also widened. A $300 million investment from GE Aerospace signals confidence. BETA differentiates itself with cargo applications. The IPO’s success hinges on navigating regulations, scaling production, and achieving profitability.

The FAA announced a pilot program to accelerate air taxi integration, with Archer Aviation and Joby Aviation participating. This initiative aims to establish operational frameworks for electric vertical takeoff and landing (eVTOL) aircraft through collaborative projects. The program follows an executive order promoting eVTOL development and aims to reduce emissions and congestion. Archer and Joby anticipate trial operations and FAA flight testing, respectively, emphasizing the potential for widespread air taxi services and U.S. leadership in advanced air mobility. Partnerships with entities like United Airlines and collaborations in the Middle East underscore global ambitions.

Archer Aviation plans to participate in the White House’s eVTOL Integration Pilot Program (eIPP), collaborating with airlines like United and U.S. cities. This initiative, under the “Unleashing Drone Dominance” Executive Order, establishes pre-certification operating environments for electric air taxis. Archer aims to conduct trial operations of its Midnight aircraft, demonstrating safety, noise reduction, and scalability. The eIPP facilitates early flights, advancing commercial eVTOL deployment by addressing regulatory hurdles, infrastructure needs, and financial viability, which are important aspects for community acceptance and scalability.

Uber plans to integrate Blade helicopter services into its app by 2026, leveraging its partnership with Joby Aviation. This follows Joby’s acquisition of Blade’s passenger business, excluding medical logistics. The move aims to introduce zero-emission aircraft for urban air mobility, building on Uber’s initial 2019 partnership and subsequent Elevate division divestment to Joby. While details are pending, the partnership seeks to provide customers with next-generation travel options. Success hinges on FAA approval, eVTOL production, and public acceptance in the competitive air taxi market.