Table 1. ARI (AAM reality index) update 2)

OEM (stock ticker) ARI Funding($M) Use case Vehicle type Operation Vehicle EIS**
Volocopter (Germany) 8.3↑ $761.0 Air taxi Multicopter Lift + Cruise Piloted VoloCity VoloRegion 20242026
Ehang(China) 8.0↑ $160.4 Tourism, EMS* firefighting Multicopter Lift + Cruise Autonomous EH216-S VT-30 2023-
Joby Aviation (USA) 8.0↓ $2,251.3 Air taxi Vectored thrust Piloted S4 2025
Beta Technologies (USA) 8.0↓ $796.0 Cargo, regional air taxi Conventional Lift + Cruise Piloted CX300 Alia-250 20252026
Archer(USA) 7.9↓ $1,096.3 Air taxi Vectored thrust Piloted Midnight 2025
Source : SMG Consulting, Nov. 2023.