Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024
February 23 2021 - 7:00AM
California-based Archer, who are designing and developing electric
vertical takeoff and landing aircraft (eVTOL), today announced
their commitment to launching their first Urban Air Mobility (UAM)
network in Los Angeles by 2024. Archer is excited to explore the
potential for UAM to address some of Southern California’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.
A demonstration of its commitment to Los Angeles, Archer is
supporting efforts to educate the city’s residents about the new
transportation technology. Los Angeles Mayor Eric Garcetti
announced the Urban Air Mobility Partnership in December 2020, a
first-of-its-kind initiative in the U.S. to make Los Angeles the
unmistakable leader on Urban Air Mobility. A collaboration between
the Mayor’s Office, the Los Angeles Department of Transportation
(LADOT), and Urban Movement Labs (UML), the program will develop
strategies for the integration of UAM into existing transportation
networks and land use policies.
“Our partnership with the City of Los Angeles will be one of our
major milestones in bringing quick, safe, affordable everyday
flight to dense urban locations,” said Adam Goldstein, co-Founder
and co-CEO of Archer.
“In identifying our first city partnership, it was critical to
have a shared vision when it comes to how people will move around
more seamlessly and with less impact on the environment around
them,” added Brett Adcock, co-Founder and co-CEO of Archer. He
added, “Working with Urban Movement Labs will be invaluable as we
collectively advance our programs ahead of our first customer
flights in 2024.”
“Archer’s commitment to launch their first eVTOL aircraft in one
of United’s hubs means our customers are another step closer to
reducing their carbon footprint at every stage of their journey,
before they even take their seat,” said Michael Leskinen, Vice
President of Corporate Development and Investor Relations at United
Airlines. “We’re confident that Los Angeles is only the beginning
for Archer and we look forward to helping them extend their reach
across all of our Hubs.”
Urban Movement Labs and the City of Los Angeles plan to
collaborate to develop the design and access of “vertiports,” a new
piece of L.A.’s transportation network where people can go to fly
on an urban air mobility aircraft.
“Our vision is to improve mobility, reduce congestion, create
employment, and promote healthier communities through public and
private sector collaboration,” said Lilly Shoup, Executive Director
of Urban Movement Labs. “Working with companies like Archer which
are at the forefront of technological innovation in the emerging
UAM space delivers a unique opportunity to take the perspective of
our programs beyond just the two dimensions of roads and railways,
and into the skies.”
About Archer
Archer’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.com.
For Media
Louise BristowC: 818 398
8091louise@flyarcher.comarcher@launchsquad.com
About Urban Movement Labs
Urban Movement Labs is a first-of-its-kind mobility-innovation
organization that links government, businesses, and community
members to modern technology solutions to help solve transportation
challenges in the City of Los Angeles. With the support of Los
Angeles’ Mayor’s Office, Urban Movement Labs aims to make Los
Angeles the model city for safe, sustainable, equitable, and
efficient movement of people and goods and replicate these
learnings around the world. For more details, please visit:
https://www.urbanmovementlabs.com/ | Twitter:
@UrbanMvmtLab
For Media
Jorge Canezjorge@urbanmovementlabs.com
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1c00b9f7-92aa-4dea-b0e0-54c5a6da93f4
Atlas Crest Investment (NYSE:ACIC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlas Crest Investment (NYSE:ACIC)
Historical Stock Chart
From Apr 2023 to Apr 2024