While a lot of companies discuss building urban air mobility (UAM) networks in the next few years, Blade Air Mobility (NASDAQ:BLDE) has already successfully built an air mobility platform. The company now has a network covering the US, Canada and Europe preparing the business for the eventual launch of eVTOLs. While competitors wait for their launches, Blade will immediately insert the new aircraft into existing helicopter networks. My investment thesis remains Bullish on the concept, especially with the stock now dipping below $5.
Building The Network
In reality, eVTOLs will open up more opportunities for air taxi services, but the business concept is just an expansion of existing helicopter services offered in places like New York City to transport Manhattan passengers to and from local airports. Blade is the company building a network and brand in order to set the company up for the market expansion with modern electric aircraft allowing for more efficient and safer trips.
Recent Comments