EVOTL OEM Ranking Hold Steady in Reality Index Written 15 June 2023
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Aviation Week reports that the ranking of electric air taxi startups “was unchanged in the latest edition of the AAM Reality Index, with Joby Aviation and Volocopter leading the pack followed by a three-way tie between Archer Aviation, Beta Technologies and EHang.” Joby’s front-runner position, with a score of 8.7 out of 10, largely “stems from its hefty cash cushion relative to its main competitors, according to Sergio Cecutta, founder and CEO of SMG Consulting, which publishes the bimonthly AAM Reality Index in conjunction with Aviation Week.” As a comparison, the company “finished the March quarter with nearly $1 billion in cash versus roughly $450 million for rival Archer.”
Full Story (Aviation Today)