Charged EVs | Archer Aviation receives $10 million from United Airways for 100 eVTOL plane


Archer Aviation (NYSE: ACHR) has acquired a $10-million pre-delivery cost from United Airways for 100 of the corporate’s preliminary manufacturing electrical vertical takeoff and touchdown (eVTOL) plane. This represents a deposit on plane which United agreed to buy in 2021.

Archer is creating eVTOL plane to be used in city air mobility networks. The corporate not too long ago accomplished its manufacturing plane’s Preliminary Design Overview (PDR), a meticulous overview of the plane design to make sure that the design is mature sufficient to proceed to the following improvement section and to start manufacturing of long-lead-time {hardware}. The PDR lays out all elements of the plane’s specs and manufacturing necessities, needed pre-conditions to find out that the design is possible for regulatory compliance and viable to carry to market.

United seems decided to be one of many first US airline operators to carry eVTOL plane into service. It has strongly supported Archer all through the event course of. Just lately, United fashioned a Joint eVTOL Advisory Committee with Archer, permitting the events to work extra carefully on eVTOL upkeep and operational issues. Committee members embody Archer’s operations and upkeep management, in addition to management from United’s upkeep, supplies and engineering teams.

“To obtain a money deposit is validation of Archer’s achievements thus far, not solely with flight testing and product improvement, but in addition an incredible sign of confidence in our roadmap to commercialization,” stated Adam Goldstein, Archer’s CEO. “We’re grateful to United for his or her continued partnership as we usher on this new period in air journey.”

“This announcement marks a brand new essential section in our relationship with Archer, and our dedication to eVTOL expertise,” stated Michael Leskinen, President of United Airways Ventures. “United Airways Ventures has invested in a various roster of corporations working in assist of our objective to achieve carbon neutrality by 2050. We imagine eVTOLs have the potential to assist obtain carbon-neutral journey.”

Supply: Archer Aviation


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