Blade’s $850M initial valuation move brings electric vertical air taxi service and “eVAs” to public markets
Urban air mobility provider Blade—known for “helicopter rides” between New York and the Hamptons—has taken its next step toward scaling by moving into public markets with an initial valuation of roughly $850 million. CEO Robert Wiesenthal says Blade will broaden its offering with electric vertical aircraft (“EVAs”), pitching them as lower-emissions, quieter and cheaper to operate.