Amid heightened concerns about U.S. aviation infrastructure, several startups are bullish that they will significantly disrupt the travel experience in the next few years.
Archer Aviation has raised $660 million this year alone, while competitor Lilium is going through bankruptcy proceedings after burning through $1 billion. It takes a lot of money to get new planes into the sky.
Electric aircraft are an inevitable step for commercial aviation with the heightened focus on carbon emissions. Numerous companies are vying to develop this new technology but, with engines still in the works and a lengthy certification runway ahead, when is everyones' guess.