UPDATE - Archer Announces Commitment to Launching its Urban Air Mobility Network in Miami by 2024
March 09 2021 - 10:09AM
California-based Archer, a company designing and developing
electric vertical takeoff and landing aircraft (eVTOL), today
announced its commitment to launching an Urban Air Mobility (UAM)
network in Miami by 2024. Archer is excited to explore the
potential for UAM to address some of Southern Florida’s mobility
challenges and provide a new option for people to travel more
freely in and around dense metropolitan areas.
Archer’s UAM platform will move people throughout cities in a
fast, safe, sustainable, and cost-effective manner. The fully
electric vertical takeoff and landing aircraft is expected to
travel distances of up to 60 miles at 150 mph using technology
available today, transforming how people approach everyday life,
work, and adventure, while benefiting the environment and working
towards a future zero-emissions world. Archer’s recently announced
merger with Atlas Crest Investment Corporation (NYSE: ACIC) and a
$1bn commercial order from United Airlines, which is subject to
United’s business and operating requirements, values the company at
$3.8 billion and puts Archer in prime position to integrate UAM as
part of cities’ future transportation networks.“Cities across
America are looking for solutions to traffic and mobility
challenges. Our collaboration with Miami will bring quick, safe,
affordable everyday flight to Southern Florida,” said Adam
Goldstein, co-Founder and co-CEO of Archer. “Launching an Urban Air
Mobility (UAM) network in Florida is particularly exciting for
Brett and I personally as graduates of the University of Florida.
We named Archer after our first eVTOL R&D lab, based just off
Archer Road in Gainesville, FL, so making an impact on Florida’s
transportation issues will be a great full circle moment for
us."
“By giving passengers greater flexibility to explore the world
around them, we’re bringing adventure to their fingertips, whether
they’re commuting to work, or visiting a nearby city or state
park,” said Brett Adcock, co-Founder and co-CEO of Archer. He
added, “Archer will develop a UAM network in Miami to support eVTOL
aircraft, and create a service with a price equivalent to rideshare
services on the market today. Fundamental to our success, and
indeed the success of the entire eVTOL industry, is the support of
progressive leaders like Mayor Suarez in supporting innovative new
modes of transportation.”“We know that infrastructure and
transportation solutions in Southern Florida must change over the
next decade to curb carbon emissions, decrease traffic, and create
the multimodal transportation networks of the future,” said Francis
Suarez, Mayor of Miami. “The City of Miami is dedicated to
collaborating with Archer to build one of America’s first UAM
networks and work towards overcoming the geographical challenges of
our water-locked areas currently only accessible via congested
roadways. We couldn’t be more excited to be aligning with such a
leading force in the eVTOL industry.”
Archer also announced this week that two of Uber Elevate’s
co-founders, Nikhil Goel and Mark Moore, will be joining Archer’s
advisory board. Goel and Moore co-authored the industry-famed
“Elevate” white paper on aerial ridesharing and spent four years
advancing the UAM space to pave the way for the future of
transportation. Their addition further legitimizes Archer as a
leader in the eVTOL industry, offering another layer of deep
industry experience.
“We have assembled a team of leading industry talent at Archer,
and we’re excited to add Uber Elevate’s founders, Nikhil Goel and
Mark Moore to our advisory board,” said Goldstein.
“Archer is dedicated to reshaping urban air mobility throughout
the world and advancing the benefits of sustainable air travel.
This is an undertaking that will require a tremendous amount of
effort, and Nikhil and Mark will bring an unparalleled perspective
as some of the first-movers in the industry,” added Adcock.
“Archer has one of the best designed aircraft that I’ve seen,
both for aerial ride-sharing and cargo applications. It’s
competitively positioned for superior manufacturability and rapid
certification,” added Mark Moore. “Their engineering team has
developed a compelling eVTOL that’s tightly aligned with the
necessary requirements for optimum network performance and
economics.”About ArcherArcher’s mission is to
advance the benefits of sustainable air mobility. Archer’s goal is
to move people throughout the world's cities in a quick, safe,
sustainable, and cost-effective manner. Archer is designing and
developing electric vertical takeoff and landing (eVTOL) aircraft
for use in Urban Air Mobility that can carry passengers for 60
miles at speeds of up to 150 mph while producing minimal noise.
Archer's team is based in Palo Alto, CA. To learn more, visit
www.archer.comFor MediaLouise BristowArcherC: 818
398 8091louise@flyarcher.com archer@launchsquad.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d84b4fa2-b8e2-4e18-8b64-6981b7487507
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