FutureFlight
Venture Capitalist Makes the Case For Bets On Advanced Air Mobility
Cyrus Sigari told the Vertical Flight Society's Electric VTOL Symposium that the time is right to back new aircraft developers and service providers.
EHang 216
China's EHang, which is developing the EH216 two-seat eVTOL aircraft, has seen its value increase more than seven times since it made its initial public offering on the Nasdaq exchange in December 2019. (Image: EHang)

According to a leading venture capitalist, a big part of the attraction for investors in the nascent advanced air mobility (AAM) sector lies with its enormous potential to fundamentally reshape how people and things move from point A to point B. Speaking at this week’s Vertical Flight Society’s Electrical VTOL Symposium, Cyrus Sigari, a managing partner in the Up.Partners early-stage venture capital group, maintained that new eVTOL aircraft will democratize air travel.

For his opening premise, Sigari underscored the point that one-fifth of the way through the 21st century, only one in five of the world’s population have ever experienced flight, meaning 80 percent of humanity remains cut off from what he called “the most underutilized resource we have, which is what’s above us.”