What Happened
EVTOL Maker Sees Significant Growth Potential Ahead
Joby Aviation, a developer of electric vertical take-off and landing aircraft, has seen its stock underperform since its public debut. However, the company’s S4 eVTOL has several advantages over competitors, including its ability to travel up to 150 miles on a single charge and reach a maximum speed of 200 miles per hour. With the support of major partners like Toyota, Delta Air Lines, and Uber, Joby aims to become a vertically integrated transportation provider. According to analysts, the global eVTOL market could expand at a 36.8% CAGR from 2026 to 2034, with Joby’s revenue expected to surge from $53 million to $435 million by 2028. This article was first reported by The Motley Fool.