![]() They first acquired Trinity Air Medical last September, a multi-modal organ logistics and transportation company. The company went on a shopping spree and acquired four companies and one exclusive rights in the last 10 months. It also allows them to significantly increase their footprint and market presence. These low costs strategic acquisition generates a high ROI once the company starts to scale. I really like that Blade is investing actively while waiting for EVA to be mass-produced. For example, Elon Musk’s Boring Company has been trying to solve this problem by introducing underground loop tunnels. Traffic congestion has been a problem for a long time, and everyone is finding a solution to it. I think EVA and urban air mobility are compelling because it is more environmentally friendly and is able to ease the current road traffic congestion if it is able to become popular. The company currently offers short-distance flights, airport-to-city flights, and organ movement flights. Blade is currently operating already with smaller and more efficient helicopters and will soon transit to EVA once it is available. Blade’s JFK to Manhattan flight only costs 32 minutes in total yet driving costs 90 to 150 minutes with potential traffic delays. The company aims to provide congestion-free traffic networks as road traffic in the US increases 50% in rush hour and in India, it increases by 95%. It also provides private terminals and lounges for passenger management, baggage handling, and better security. It offers an easy-to-use mobile app for booking, scheduling, communication, and tracking. Unlike before, you can now book the flight 20 minutes before takeoff, which significantly increases efficiency and flexibility for customers.īlade’s platform also tries to make the whole flying experience a lot more enjoyable for customers. For context, the price is actually cheaper than calling an Uber black. Unlike the old urban mobility platform which is costly, inefficient, and has no service, Blade is able to provide a flight from Manhattan to JFK for $195 with integrated service. It also provides the terminal and helipad for customers and operators. Therefore, I rate the company as a hold until the production of EVA becomes clearer.īlade is an urban mobility platform that allows customers to book a flight easily through its mobile app. Companies like Joby Aviation ( JOBY), Lilium ( LILM), Archer Aviation ( ACHR), and others are already developing EVA, but there are still a lot of uncertainties. It is already making revenue through its bookings with helicopters and jets, but its success relies on whether EVA can be commercialized. A platform without the aircraft is essentially meaningless. I like Blade’s idea and prospect, however, in order for the thesis to work out, EVA need to be developed first. Companies like Blade are trying to build an urban air mobility network in order to solve the congestion in current traffic networks. EVA is able to drastically reduce noise, emissions, and cost compared to traditional aircraft. By leveraging more advanced batteries and electric motors, the new technology allows an aircraft to land like a helicopter and fly like a plane quietly. It is currently providing the platform for helicopters and jets, but its long-term goal is to prepare for the future adoption of EVA.ĮVA (electric vertical aircraft) uses electric power to hover, take off, and land vertically. The company has a huge ambition to build out the infrastructure and platform for urban air mobility. Blade is a US-based company founded back in 2014. Adventtr/E+ via Getty Images Investment Thesisīlade ( NASDAQ: BLDE) is an urban mobility company that went public last year through a SPAC merger with Experience Investment Corp.
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