The electric aviation industry has attracted billions of dollars from investors, but one Nvidia Corp (NASDAQ:NVDA)-backed executive believes most of today's eVTOL companies won't make it.
In an exclusive email interview with Benzinga, Vishnu Ramakrishnan, senior vice president of business partnerships and AAM strategy at ePlane, said the industry is likely headed for significant consolidation as companies move beyond prototypes and into the more difficult phase of certification and commercial deployment. • Joby Aviation stock is surging to new heights today.
Why are JOBY shares rallying?
"A few years from now, I'd expect a handful of eVTOL companies globally who have the scale and regulatory standing to matter commercially," Ramakrishnan said.
"The rest will have either been acquired, pivoted or quietly wound down." The Industry's Biggest Test Is Still Ahead Public-market investors are familiar with companies such as Joby Aviation, Inc (NYSE:JOBY), Archer Aviation Inc (NYSE:ACHR) and Vertical Aerospace Ltd.
