German eVTOL developer Volocopter has jumped to the number-one ranking on SMG Consulting’s Advanced Air Mobility (AAM) Reality Index, overtaking long-time front-runner Joby Aviation, which is now tied with EHang and Beta Technologies in second place.
With countless aerospace start-ups vying for attention in the nascent AAM industry, the AAM Reality Index aims to quantify the likelihood that a manufacturer will succeed in certifying its aircraft, putting it into service, and mass-producing it at a rate of thousands of units per year, according to SMG. The assessment tool calculates rankings on a scale of zero to 10 based on a variety of factors, including funding, certification progress, and production readiness. Those rankings are updated every couple of months, and SMG released its latest update on November 8.
“Major changes are coming to the AAM Reality Index November 2023 release due to the addition of almost 40 percent new milestones for the funding, technology readiness, and production readiness parameters,” SMG co-founder and president Sergio Cecutta wrote on LinkedIn. “We think this added detail allows us to capture the differences between OEMs' progress much more accurately.”
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