7 Urban Air Mobility Companies to Watch
As urban planners, public transit agencies, and walking and biking advocates work to steer cities away from a future congested with cars — and as others discuss the ethics, realities and regulations of autonomous vehicles — a growing number of companies is less concerned with city streets and more interested in flying over them.
Since 2018, the number of electric aircraft in development worldwide has increased by 50 percent. Roughly 200 electric aviation companies are backed by more than $1 billion from investors. Whereas a good chunk of those companies are targeting the commercial airline industry, urban air mobility (UAM) is getting more attention — think ride-hailing flying taxis, electric multicopters and passenger drones that can be summoned with an app. See the full list here.