UPDATE - Archer Announces Commitment to Launching Its Urban Air Mobility Network In Los Angeles by 2024
February 23 2021 - 2:43PM
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 engage
and empower residents to shape the future of LA’s airspace. 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 to
prioritize equity of access, connections to transit, purpose-driven
data sharing, and local workforce development.“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
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 BristowC: 818 398 8091louise@flyarcher.com
archer@launchsquad.com About Urban Movement
LabsUrban 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:
@UrbanMvmtLabFor MediaJorge
Canezjorge@urbanmovementlabs.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1c00b9f7-92aa-4dea-b0e0-54c5a6da93f4
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