New Horizon survey suggests public confidence in eVTOLs rising
A new survey amongst private equity and venture capital (VC) firms revealed that 82% expect public confidence in the eVTOL sector to increase over the next three years.
A further 18% expect a dramatic increase, suggested the survey conducted by Horizon Aircraft. A growing acceptance that the first eVTOL flights will have qualified pilots was cited by 80%, Also, 69% said major developments around regulation of the sector, were seen as reasons for increased public confidence. Other factors include more high-profile media coverage and more successful trials.
Brandon Robinson, CEO of Horizon Aircraft said, “As public confidence in the eVTOL market grows, professional investors expect the sector’s order book to grow and more investment to flow into the industry.
“Our research shows 63% of private equity and venture capital professionals expect there to be over 430,000 air taxis in operation by 2040, and 88% anticipate the sector will generate at least $30.7bn by 2030. It is not surprising that our research shows 54% of professional investors expect over $30bn will be invested in the market by 2030, compared to $7bn in 2021.”
Horizon Aircraft is currently running flight testing of its 50%-scale prototype while continuing to develop a design of a full-scale Cavorite X5. The firm said “comprehensive testing” of the 50%-scale aircraft will reduce technical risk moving forward as continues development of its full-scale model.