When asked what they think are the three main reasons why the level of investment in the eVTOL market is increasing, 64% of private equity and venture capital professionals highlight the fact that more large corporations have entered the sector, providing greater confidence around its prospects. A SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. The findings also reveal that over the next three years, 62% of private equity and venture capital professionals expect to see an increased use in SPACs (special purpose acquisition companies), to buy, invest or raise funds for eVTOL companies. The research (2) was commissioned by Horizon Aircraft, the advanced aerospace engineering company that has developed the Cavorite X5, the world’s first eVTOL (Electric Vertical Take-off and Landing) that can fly the majority of its mission exactly like a normal aircraft. Some 41% predict the figure will be over $3 billion, and 16% think it will be more than $4 billion. Around $900 million was invested in the urban air mobility market in the first six months of 2020, but new research with senior private equity and venture capital professionals reveals 59% expect over $2 billion will be invested in the sector this year.

Horizon aircraft cavorite x5