Business Maverick

Electric Flying Taxi Backed by United Airlines Unveiled in L.A.

By Bloomberg 11 June 2021
Vehicles move slowly in rush hour traffic on the Interstate 405 freeway and US 101 freeway interchange in this aerial photograph taken over Los Angeles, California, U.S., on Friday, July 10, 2015. Photographer: Patrick T. Fallon/Bloomberg

United Airlines-backed startup Archer Aviation Inc. unveiled its future electric aircraft in traffic-choked Los Angeles, one of the cities where the company anticipates it will one day shuttle customers to and from the airport.

The so-called Maker electric vertical takeoff and landing vehicle will have a 60-mile range and fly at 150 mph when it enters commercial service in 2024, according to Palo Alto, California-based Archer.

Archer executives debuted their Maker vehicle at a glitzy event on Thursday evening in Hawthorne, California, about five miles from Los Angeles International Airport. The company also plans to operate in Miami. Airlines and other companies see a future where eVTOLs help ease traffic congestion by moving commuters in small electric aircraft, free of carbon emissions.

United Airlines Holdings Inc. has invested $20 million in Archer, which said in February it plans to merge with a special purpose acquisition company overseen by investment banker Ken Moelis later this year. That deal valued the startup at $3.8 billion. United also plans to acquire as many as 200 Makers from Archer if the aircraft meets its performance and operational needs.

The Maker’s public debut occurred the same day United rival American Airlines Group Inc. said it would preorder 250 four-seat VA-X4 electric aircraft developed by U.K.-based Vertical Aerospace Group Ltd. American also said it had invested $25 million in Vertical. Two other eVTOL companies, Joby Aviation and Lilium GmbH, have agreed to go public through SPAC mergers.

Vertical Wins American, Avolon Orders, Plans to Go Public

The Maker’s development has been overshadowed by litigation. Rival eVTOL developer Wisk Aero LLC sued Archer in U.S. court in April, alleging theft of its technology. Wisk, a venture backed by Boeing Co. and Google billionaire Larry Page’s Kitty Hawk Corp., alleges that former employees took files and secret designs from the company before going to work for Archer.

On June 1, Archer filed a motion denying Wisk’s allegations and asked a judge to dismiss the lawsuit.


Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet


Monopoly-busting: The fall of exclusive lease agreements in South Africa’s retail industry

By Ray Mahlaka

Asparagus has a higher carbon footprint than pork or veal (per kg).