Joby vs. Archer Aviation: Which Is the Better Buy in 2025?

Group 1: eVTOL Industry Overview - The eVTOL (electric vertical take-off and landing) aircraft are emerging as a new form of electric vehicle, complementing traditional transportation methods in urban areas [2][3] - Companies like Joby Aviation and Archer Aviation are leading the eVTOL movement, with significant advancements in recent years [3] Group 2: Joby Aviation - Joby has attracted substantial investment, including a $500 million commitment from Toyota, totaling nearly$1 billion in capital [4] - Other notable investors include Delta Air Lines and Intel, and Joby is collaborating with Uber for efficient urban mapping and routing [5] - The Department of Defense has shown interest in Joby's quiet and long-range aircraft for military applications [6] Group 3: Archer Aviation - Archer has secured investments from United Airlines and Stellantis, and has formed a partnership with Anduril for military applications [7][8] - The Defense Department is also interested in Archer's aircraft, contributing to a purchase order book exceeding $6 billion [8] Group 4: Financial Comparison - Joby's market capitalization is over 1.5 times that of Archer, yet Archer is projected to generate more than double Joby's revenue next year [10] - Despite both companies not reaching critical scale, Archer is seen as having a faster path to commercialization and a more favorable financial profile [11]