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  • Writer's pictureJames Dean

Business Models for Autonomous eVTOLs $25 Billion Market by 2030

Currently, we are working with innovative partners in the eVTOL industry to develop the foundation for several new eVTOL business application models including;

  • On-demand air taxi: This model involves using eVTOLs to provide on-demand transportation services to passengers. Passengers would be able to book eVTOL flights through an app or website, and they would be picked up and dropped off at their desired locations.

  • Scheduled air taxi: This model involves using eVTOLs to operate scheduled flights between specific locations. This could include flights between airports, city centers, and other major transportation hubs.

  • Cargo and package delivery: eVTOLs can be used to deliver cargo, such as food, medicine, and packages. This could be particularly useful for delivering goods to remote or congested areas.

  • Air ambulance: eVTOLs can be used as air ambulances to transport patients to and from hospitals. This could save time and lives in critical situations.

  • Military and law enforcement: eVTOLs can be used by the military and law enforcement for a variety of purposes, such as surveillance, search and rescue, and transporting troops and equipment.

For example, Americans spent $13.6 Billion on taxis in 2021 reports American Taxicab Association, and Americans spend an average of $2,000 per year on shipping costs of goods purchased online, according to a 2022 study by LendingTree.


Although, we expect some challenges the autonomous eVTOL market should be robust by 2028. Autonomous eVTOLs have the potential to revolutionize urban transportation by providing a faster, more convenient, and more affordable way to travel in urban areas.


Here are some of the potential benefits of autonomous eVTOLs:

  • Safety: Autonomous eVTOLs are expected to be safer than traditional aircraft because they will not be susceptible to human error.

  • Efficiency: Autonomous eVTOLs will be able to operate more efficiently than traditional aircraft because they will not require pilots.

  • Cost: Autonomous eVTOLs are expected to be more affordable than traditional aircraft because they will not require pilots.

  • Convenience: Autonomous eVTOLs will be more convenient than traditional aircraft because they will be able to pick up and drop off passengers at their desired locations.

Top eVTOL Companies

  • Joby Aviation

  • BETA Technologies

  • Archer Aviation

  • Vertical Aerospace

  • Eve Air Mobility

  • Airbus

  • Boeing

  • Wisk

Most recently, the FAA approved Joby Aviation's eVTOL, and the company just announced a new Dayton, Ohio manufacturing investment to build a 14-acre plant in Dayton, Ohio. Joby Aviation will invest up to $500 million to build the facility at Dayton International Airport. The plant initially will produce up to 500 electric vertical take-off and landing (eVTOL) aircraft per year, employing about 2,000 workers. The construction is expected to begin next year, and the facility is expected to come online by 2025 writes CEO, James Dean, Entangled Vibrations.


eVTOL Technology Specifications


The Joby eVTOL is will have a range of 150 miles, and it recharge when needed depending on usage. Typical charge times vary depending on the size and capacity of the battery pack. However, Joby has stated that it is working on a fast charging system that will allow the eVTOL to be fully recharged in as little as 30 minutes.


The frequency of recharging will depend on the usage of the eVTOL. For example, if the eVTOL is used for short flights between airports, it may need to be recharged after each flight. However, if the eVTOL is used for longer flights, such as between cities, it may only need to be recharged every few flights.


Joby is also developing a network of charging stations that will be located at airports, helipads, and other major transportation hubs. This will make it easy to recharge the eVTOL even when it is used for longer flights.


Overall, the Joby eVTOL is a very promising new technology that we believe has the potential to revolutionize urban transportation writes Dean. With its long range and fast charging time, the eVTOL will be able to provide a convenient and affordable way to travel in urban areas.


Cost to Travel in Joby eVTOL AirTaxi


Joby Aviation has not yet announced the pricing for its eVTOL taxi service, but the company has stated that it aims to make the service affordable for everyone. In an interview with Bloomberg, Joby CEO JoeBevirt said that the company is targeting a price point of $3 per mile, which is comparable to a taxi or Uber ride.


However, it is important to note that the cost of Joby's eVTOL taxi service will depend on a number of factors, including the distance of the flight, the time of day, and the demand for the service. For example, flights during peak hours or to popular destinations may cost more than flights during off-peak hours or to less popular destinations.


Overall, the cost of Joby's eVTOL taxi service is expected to be competitive with other transportation options, such as taxis and ride-hailing services. This will make the service accessible to a wide range of customers.


Here are some of the factors that could affect the cost of a Joby eVTOL taxi ride:

  • The distance of the flight

  • The time of day

  • The demand for the service

  • The type of aircraft used

  • The operating costs of the company

It is also worth noting that Joby is offering a subscription service for its eVTOL taxi service. The subscription service will allow customers to pay a monthly fee for unlimited rides. This could be a good option for customers who use the service frequently, particularly those travelling into condensed city areas from suburbs, and the costs could be written off taxes as a business expense in many cases.


Overall, the cost of Joby's eVTOL taxi service is expected to be competitive with other transportation options, and the subscription service could be a good option for customers who use the service frequently.


About CEO, James Dean, Entangled Vibrations


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