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Urban air mobility market investment to hit $2b issacjohn@khaleejtimes.com Filed on April 26, 2021
The research reveals that over the next three years, 62 per cent of private equity and venture capital professionals expect to see an increased use in special purpose acquisition companies, to buy, invest or raise funds for eVTOL companies. File photo
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 per cent expect over $2 billion will be invested in the sector this year
Investment in Electric Vertical Take-off and Landing (eVTOL) aerial vehicle technology is expected to hit $2 billion in 2021 with several advanced cities in the world, including Dubai, setting sight on launching air taxi services by next year.