3 stocks of flying cars that can be numerous in the process of creation

Flying cars have been on the menu of futurism since the late 19th century. Although small aircraft with short lift-off distances were available, the ultimate goal was a vertical take-off of small size. These flying car stocks are at the forefront of UAM!

After Xpeng’s X2 flying car was certified to fly by the Civil Aviation Administration of China in February, the psychological barrier dissipated. The X2 from Xpeng appears to be aiming for electric vertical takeoff and landing (eVTOL) as the dominant model. It is capable of 35 minutes of flight at a top speed of 80 mph, in both autonomous and manual propulsion modes. But other companies are working on their own approaches to a flying car.

Here are three flying car stocks with late-stage research and development in this exciting sector.

Joby Aviation (JOBY)

The Federal Aviation Administration (FAA) made it extremely difficult to operate aircraft cost-effectively in the US. Some believe this creates a major barrier to small personal flights. Yet this has not discouraged Joby Aviation (NASDAQ:WORK) to start the path of innovation.

Furthermore, investor confidence in JOBY is high. So much Uber (NYSE:UBER) transferred its own air taxi project, Uber Elevate, to JOBY in December 2020. The investment was worth $75 million to help Joby Aviation create an eVTOL passenger aircraft. So far, JOBY has raised $820 million, with Uber offering $125 million.

In addition, Joby Aviation contracted the AFWERX Agility Prime with the Department of Defense (DOD) worth $131 million. In September 2023, Joby Aviation delivered its first eVTOL air taxi to the US Air Force as a logistical proof of concept. The company’s commercial launch is planned for 2025. Driven by this speculation, JOBY shares have risen 36% in a year.

However, with commercial deployment still a long way off, the stock has lost 15% of its value year-to-date (YTD). Based on insights from seven analysts pulled from Nasdaq, JOBY’s average price target is $7, compared to the current $5.2 per share.

LILM

Based in Germany, Lily N.V (NASDAQ:FLOWER) made great progress in the development of high-speed passenger aircraft. Its Lilium Jet is another eVTOL, but with fixed wings that allow for efficient cruise flight up to 175 mph and a low noise profile. Featuring ducted fans and variable nozzles, the Lilium Jet is capable of carrying six passengers up to 155 miles.

In February, the company introduced Lilium POWER-ON, the first eVTOL customer service organization, in an effort to expand its business for future growth. And the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) provided Lilium with the necessary certificates for commercial deployment. In the FAA’s case, this was the basis for G-1 certification.

The Lilium Jet is slated for commercial launch in early 2026. LILM’s stock is up 18% year-to-date, while it’s down 16% year-to-date. Based on insights from seven analysts pulled from Nasdaq, LILM has an average target price of $3, compared to the current $0.9 per share.

Archer Aviation (ACHR)

In February 2021 Archer Aviation (NASDAQ:ACHR) became the first urban air mobility (UAM) for the company to become publicly registered. Based in Palo Alto, as part of its decarbonization initiative, Archer partnered with United Airlines in a $1 billion deal. And an additional $500 million order for Archer aircraft covers regional hub areas.

In January 2024, Archer partnered with Atlantic Aviation through a memorandum of understanding (memorandum of understanding), to establish aircraft operating facilities in Los Angeles and New York. Archer’s Midnight eVTOL, developed in collaboration with the DOD, is capable of reaching 100 miles at speeds of up to 150 mph.

It’s fair to say that Archer Aviation is the best-funded flying car company in the US with extensive technology collaborations for its parts and manufacturing. These include Stellantis, Hexcel, Garmin and Safran Electronics & Defense. In total, the company received over $1.1 billion for commercial deployment in 2025.

So ACHR shares have gained the most value in a year, up 94%, while falling 16% year-to-date. Based on seven analyst insights pulled from Nasdaq, ACHR’s average target price is $10.33 compared to the current $4.89 per share.

As of the date of publication, Shane Neagle did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.