A survey of 100 small- and micro-cap fund managers shows continuing willingness to invest in advanced air mobility (AAM) companies, according to eVTOL developer Horizon Aircraft, which commissioned the research published this week. With combined assets under management of $82.4 billion, 39% of the 100 fund managers based in North America, Europe, Asia, and the Middle East told research group PureProfile they intend to make their first investments in the sector or increase their current level of investment.
Almost half of the fund managers, 47%, said they will at least maintain current levels of investment in the AAM market, which has seen some eVTOL manufacturers, including Joby, Archer, and Beta Technologies, raise more than $1 billion in funding. Canada-based Horizon is seeking further capital to advance its plans to bring the hybrid-electric Cavorite X7 model to market with a useful load of 1,500 pounds and range of up to around 500 miles.
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