The electric vertical takeoff and landing (eVTOL) industry is set to transform short-haul travel and urban aviation. It promises commuters can ditch gridlocked highways for quick hops between city centers, airports, or even hospitals, and do so faster, quieter, and greener than helicopters.
These air taxis could slash commute times and open new markets in cargo and defense. But the path to takeoff has been bumpy for investors.
Investors have reacted to every twist and turn, fueling wild swings, but the reality of regulatory hurdles and cash burn has grounded their gains. Investment bank Goldman Sachs finally weighed in with fresh coverage on the sector, and their picks may seem surprising.
This post originally appeared at 24/7 Wall St.