Source: AeroTime Hub
Date: June 2, 2024
Source Author: Miquel Ros
Summary: Joby Aviation and Archer Aviation, two prominent players in the electric vertical takeoff and landing (eVTOL) market, have recently unveiled more details about their commercial eVTOL roll out plans. Both companies are gearing up to launch their eVTOL aircraft, which have the potential to revolutionize urban air mobility. Joby Aviation aims to commence its commercial operations by 2024, while Archer is targeting a 2025 launch. These advancements come as the companies continue to secure necessary certifications and partnerships to ensure a successful market entry.
Commercial eVTOL roll out plans
Joby Aviation, which has been developing its eVTOL aircraft for several years, has made significant strides in obtaining the required certifications from the Federal Aviation Administration (FAA). The company has also established a partnership with Uber to integrate its air taxis into the ride-hailing giant’s platform. On the other hand, Archer Aviation is collaborating with United Airlines, which has placed a substantial order for Archer’s aircraft, further bolstering its commercial prospects.
Both companies are focusing on the U.S. market initially, with plans to expand internationally in the future. The eVTOL market is expected to grow rapidly, driven by increasing urbanization and the demand for efficient and sustainable transportation solutions. Investors are closely watching these developments, as the successful roll-out of eVTOL aircraft could significantly impact the stock prices of Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR).
Key Points
- Joby Aviation aims to start commercial operations by 2024.
- Archer Aviation targets a 2025 launch for its eVTOL aircraft.
- Joby has partnered with Uber for air taxi integration.
- Archer has secured a significant order from United Airlines.
- Both companies are focusing on the U.S. market initially, with plans for international expansion.
- Joby Aviation (NYSE: JOBY)
- Archer Aviation (NYSE: ACHR)
Joby Aviation has raised over $820 million in funding from investors including Toyota Motor Corporation, Intel Capital, and JetBlue Technology Ventures. Archer Aviation has secured $1.1 billion in funding, with investments from United Airlines and Stellantis, among others.
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