3 Flying Car Stocks That Could Be Multibaggers In The Making

It’s a rare opportunity to invest in flying car stock, a technology that’s set to become as commonplace as cars. Electric vertical takeoff and landing (eVTOL) vehicles are now at the forefront of future air mobility. While limited in range compared to turbine-fueled aircraft (ATF), eVTOLs could bridge the gap for low-noise, net-zero crossings within metropolitan areas and between cities and densely populated regions.

As with electric vehicles, Western governments are fully on board to safely bring eVTOL technological advancements to market. According to Fortune Business Insights, the global eVTOL market is headed for a CAGR of 23.13% through 2028, with the largest share of the market (38.74%) in North America. Check out these top flying car stocks.

Eve Holding (EVEX)

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Based in Melbourne, Florida, Eve Air Mobility (NYSE:EVE) is the brand name for Eve Holding, a subsidiary of Brazilian aerospace multinational Embraer S.A. The company has been busy building a network of suppliers and financiers for its vision of eVTOL technology. It has raised five rounds of funding, the most recent of which was worth $94 million in late June.

Eve paved the way for technology and established relationships with Thales, an aerospace company. It supplies avionics for most of the world’s aircraft, including communications and air data solutions. Honeywell is expanding the business into navigation, external lighting and guidance. RECARO and FACC are responsible for the seats and eVTOL flight components.

Given that these are all established companies at the forefront of aerospace technology, the prospects for Eve to launch commercial eVTOLs look good. One example is FACC, as a subsidiary of AVIC Cabin System, which supplies critical components of Airbus (OTCMKTS:EADSY) And Boeing (NYSE:BA) Unpleasant Dassault Aviation (OTCMKTS:DUAVF) (Rafale fighter jets).

Eve Air Mobility is expected to enter the Urban Air Mobility (UAM) market in 2026, following a test in Brazil in 2024 and 2025. According to its latest financial data published at the end of March, the company has $23.6 million in cash against $87.4 million in total liabilities.

The current price is $3.57. EVEX stock could rise to $9 per share, with $8.17 being the average price target according to Nasdaq consensus data.

Vertical Aerospace (EVTL)

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After getting our hands on the very relevant ticker symbol, Modern (NASDAQ:MR-RNA) cornered MRI, Vertical Aerospace (NYSE:EVTL) developed the VX4 prototype, powered by eight propellers capable of speeds of 150 mph and carrying four passengers. Suitable for urban environments and air taxis, the VX4 significantly reduced noise levels (below 50 dBA) thanks to its Low Noise Signature (LNS) technology.

Like Eve Air Mobility, Vertical Aerospace has called on Honeycomb (NASDAQ:REVEREND) for avionics, while Italy’s Syensqo and Leonardo are providing advanced composites to balance weight and strength. On July 10, the British company received the extension of Design Organisation Approval (DOA) from the UK’s Civil Aviation Authority (CAA), giving the green light for full certification of Vertical.

The company currently has 1,500 VX4 pre-orders worth $6 billion. By the end of the year, Vertical should have completed significant flight testing, with 2026 as the most likely year for commercial launch.

AsEVTL is a very volatile stock that was recently priced at $0.8947 per share. This is a far cry from its 2-week high of $1.89. However, depending on more positive news, it is not inconceivable that EVTL could fall short of its all-time high of $12.84. This makes it a top candidate for flying car stocks to buy. Year-to-date, EVTL stock is up 35%.

Lilium NV (LILM)

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German Lily NV (NASDAQ:GLUE), a major player among flying car stocks, meets most of the requirements regarding design, technology and regulatory acceptance. After the company’s Lilium Jet received G-1 certification from the U.S. FAA last June, the European Union Aviation Safety Agency (EASA) granted it Design Organization Approval (DOA). This puts it on a competitive path with Vertical Aerospace.

In June, Lilium completed testing of the Lilium Jet’s unique feature – a 36-electric propulsion system. Like other potential air taxi companies, Lilium is relying on Honeywell and DENSO for its electric motors, in addition to Aeronamic and SKF for critical components.

Lilium Jet can carry six passengers with a cruising speed of up to 75 mph and a range of 155 miles. It is ideally suited for Regional Air Mobility (RAM) in densely populated Europe. In the future, Lilium has the ambition to deploy 16a 16-seater medium aircraft by 2027 and 50a — with 50a seats as the ultimate eVTOL goal by 2030.

Given the German government’s green stance across party lines, it is likely to receive a minimum from R 100 million in loans from the federal government and the Free State of Bavaria.

LILM shares are currently trading at 98 cents, in line with their 52-week average of 95 cents per share. The stock’s 52-week high is $1.41, while its all-time high was $14.35 in January 2021. Nasdaq’s forecast data suggests a ceiling of $2, with LILM’s average price target at $1.25 per share.

On the date of publication, Shane Neagle had no positions (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are the opinions of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The responsible issuer had no positions (either directly or indirectly) in the securities mentioned in this article on the date of publication.