Since the inception of the global COVID-19 pandemic, there have been restrictions in the movement of goods and services. As a result, many brands and organizations suffered a series of setbacks and losses in revenues. Although major airlines have opened up their doors and have begun to allow movement, the restrictions fueled the need for other means of transportation. This demand has led more industries to invest in the development of several eVTOL aircrafts.
eVTOL which is short for Electric Vertical Take-off and Landing isn’t new to the world. After several failed projects and a little tweaks here and there, a new series of eVTOL aircrafts have been created. With eVTOL aircrafts, the movement of cargo and people will change drastically in the near future. Plus, with these aircrafts being functional in different industries such as medical, military, digital services etc., and a surge of investors, it’s little wonder why most of them remain bullish about new projects. One of such companies that are constantly leading the aerial vehicle industry is Astro Aerospace.
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What Is Astro Aerospace?
Astro Aerospace (OTC:ASDN) is one of the global leaders known for developing one of the industry’s most efficient and safest eVTOLs available. Elroy, the first drone by Astro Aerospace is one of the first drones that is able to transport goods easily with humans on board. If you’re conversant with what the drones by Astro Aerospace look like, then you can tell that their designs are unconventional and defies the traditional models you might be familiar with.
After the release of Elroy in 2018, Astro Aerospace have been working on a new drone, and you can already tell there will be an evolution in the design of the models of drones to be released subsequently. With many industries such as medical, military, and so many others already utilizing the eVTOL aircrafts, they are definitely a force to reckon with. In the early parts of this year, Astro Aerospace made a move that has investors buzzing with interest.
Astro Aerospace & Horizon
If you’ve been following up on the latest news about eVTOL aircrafts, then you would know that Astro Aerospace have successfully signed a contract with Horizon Aircraft. The contract shows that Horizon Aircraft has agreed for Astro Aerospace to purchase the company. Although none of the companies involved have agreed to disclose the acquisition prices, Astro Aerospace have informed the public that the deal will be officially closed on or before the start of the second quarter of 2021.
Horizon Aircraft is also a force to reckon with in the eVTOL industry. Based in Ontario, the company has since been working on the development of the Cavorite X5, a hybrid-electric aircraft. According to Horizon Aircraft, the Cavorite X5 will be able to fly at 445km/h (240kt) and have a range of 500km (270nm). Also, it will be able to accommodate one pilot and four passengers, which is pretty amazing!
Astro Aerospace acquiring Hybrid Aircrafts will not only make it one of the biggest eVTOL companies, but also a catalyst for the already booking eVTOL revolution.
Here’s What Investors Need To Know
With Astro Aerospace being the first company to develop a working drone that works exactly like a conventional aircraft, you already know it’s the perfect opportunity for massive revenues. However, here are a few facts you need to have Astro Aerospace on your list of investments;
The eVTOL Market Is Already Soaring
The first fact that should drive you to invest in Astro Aerospace is that the eVTOL aircraft market is already worth billions of dollars. And it is expected to keep rising as the years go by, as research shows that autonomous flying is set to transform the entire transport industry. According to research, the worth of the eVTOL aircraft market will grow from over $162 million in 2025 to $411 million (20.42% profit increase).
The Buzz Around The eVTOL Industry Will Keep Increasing
Unlike other popular trends or stocks that might reduce over time, the eVTOL market boom will keep going. With major industries funding the development of different eVTOL models, it will definitely keep rising. For instance, the officials of Agility Prime have mentioned that the Air Force might spend hundreds of millions on the development and procurement of eVTOL aircrafts before 2025.
Also, there is a report about Joby Aviation being involved in a SPAC deal that would increase the worth of the manufacturer to almost $5.7 billion. Archer also announced that the U.S. has demanded an order of up to 200 of its eVTOL air taxis worth $1 billion dollars. Lilium is not left out, as they are rumored to have a capital investment in eVTOL aircrafts that is worth over $700-$800 million.
Astro Aerospace (ASDN) is the ONLY Public Company With a functioning technology in a working, full-scale prototype!
Another reason to invest in ASDN is that it is the only company with a safe, full scale eVTOL aircraft that works like a conventional plane. This prototype features;
- 16 independent rotors for flight
- A carbon fibre shell
- A touch control system to allow pilots choose to either fly manually or digitally (autonomous).
Also, since most industries are seeking environmentally friendly options, electric aviation is the best option. With ASDN having the only working prototype, it will definitely be in high demand by different industries. There’s a report of ASDN trying to be uplisted to the NASDAQ, and if it is successful, it will be the process that solidifies their place and hopefully push the market price even higher than it already is.
With Astro Aerospace acquiring Horizon, you can already imagine the innovative aircrafts that will be available in the market. Plus, with an already high demand from a wide variety of Industries such as agriculture, military, medical, etc., you can expect massive returns on your investments. According to research, the prices of shares are already booming, with the prices growing from 47 cents to $7.34 (1,400% profit growth) in the past few months.
