EVTL - SPAC-heavy eVTOL industry looks to take flight

BMO Capital Markets turned a spotlight on the burgeoning eVTOL (electric vertical take-off and landing) industry and called it one of the newest innovations in the aerospace industry, with manufacturers having raised nearly $6B in capital through special purpose acquisition vehicles. Analysts Fadi Chamoun and John Stephenson noted forward progress for eVTOL players as the industry has managed to bring in a large amount of investment dollars despite market turmoil and seen orders come in for thousands of aircraft. Those factors are said to be helping public interest in the sector as it looks to bridge the gap from concept to commercial reality. "We believe that eVTOLs could be used as replacements for the world’s aging fleet of helicopters. They are significantly less expensive to operate and generate about one percent of the noise of helicopters and have similar range." Milestones in the eVTOL industry noted by BMO Capital are listed

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SPAC-heavy eVTOL industry looks to take flight