Meet the top startups of the booming flying car world, an industry predicted to be worth more than $1 trillion by 2040

The market for air mobility in the city has made progress in recent years. Five companies making electric vertical take-off and landing vehicles, including Joby Aviation and Archer Aviation, went public via special purpose acquisition company, or SPAC, deals, with a combined market cap of $10.7 billion, according to McKinsey. According to Morgan Stanley Equity Research, the urban air mobility industry could be worth over $1 trillion by the year 2040.

Right now, companies that are developing e VTOLs are racing to get their aircraft certified for commercial use. There are hundreds of startups looking to break into the urban air mobility market. Experts predict that a dominant design will become evident in the next few years, and that the startups that most closely match that design will be the ones to survive and lead the market.

Within the next two years, several e VTOL makers plan to start operating aerial services. According to experts, we will see a big wave of consolidation in the next couple years as the industry sees which companies are able to secure regulatory approvals and which are not. You can catch up on what is happening in the eVTOL industry with these stories.

Trends 

Working in urban air mobility

• How much Archer Aviation, one of the top eVTOL makers, pays its employees

People shaping the industry

• Nine power players helping the eVTOL industry take off 

Strategy approaches to urban air mobility