Archer Signs Framework Agreement For Multi-Hundred-Million Dollars To Accelerate Commercial Air Taxi Operations Across UAE
- Archer signs a multi-hundred-million dollar framework agreement in Abu Dhabi to boost commercial air taxi operations in the UAE.
- The agreement includes investments to launch air taxi services in the UAE next year, build vertiports and charging infrastructure, in-country manufacturing, and workforce development programs.
- Abu Dhabi aims to become a global leader in urban air mobility by supporting Archer's plans for electric air taxi services.
- Archer's Midnight aircraft is set to revolutionize urban travel with short electric air taxi flights, aiming to replace long car commutes.
- Archer's collaboration with ADIO includes establishing vertiports, operational support, and in-country manufacturing of eVTOL aircraft.
- The agreement highlights Abu Dhabi's commitment to promoting urban air mobility and accelerating Archer's commercialization efforts.
- Archer's partnership with ADIO signifies a significant step toward transforming urban transportation and making Abu Dhabi a hub for urban air mobility.
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Archer is working with
Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the region -
Archer is coordinating with government partners across
Abu Dhabi to develop the necessary vertiports and charging infrastructure - Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement support
Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement support (Photo: Business Wire)
Key components of Archer’s collaboration with ADIO include vertiport construction, operational enablement for air taxi operations in the
“This substantial agreement with
“Abu Dhabi is leading the way in accelerating the launch of electric air taxis globally, and ADIO is proud to partner with Archer as one of the world’s most innovative companies. We are excited to support Archer toward establishing its international headquarters in
Under this agreement, ADIO will support the development of vertiports, in collaboration with Archer and other air taxi operators, in critical locations throughout
ADIO and Archer first announced their memorandum of understanding at the 2023 launch of ADIO’s Smart and Autonomous Vehicles Industry (SAVI) cluster, which aims to transform the future of urban mobility globally by supporting the innovation and commercialisation of smart and autonomous vehicles across land, sea, and air. The framework agreement announced at DRIFTx with Archer represents the culmination of six months of close collaboration between the two entities.
Importantly, ADIO and Archer will continue to work with Archer’s partners to accelerate the company’s progress in the region. With the support of its early investor and UAE’s sovereign wealth fund Mubadala, Archer’s partner operators Falcon Aviation and Air Chateau, and GAL-AMMROC have announced plans to provide maintenance, repair and overhaul support for Archer’s eVTOL aircraft.
Archer’s goal is to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.
About Archer
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in
To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s business plans and expectations, including statements regarding its aircraft performance and the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft, business opportunities, government incentives, potential investments by third parties in Archer, expansion of Archer’s business internationally, and the building of Archer’s international headquarters and international manufacturing facilities. In addition, this press release refers to a framework agreement that is conditioned on the future execution by the parties of additional binding definitive agreements incorporating the terms outlined in the framework agreement, which definitive agreements may not be completed or may contain different terms than those set forth in the framework agreement. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
Text: ArcherIR
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Archer Media Contacts
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Source: Archer Aviation
FAQ
What is the significance of the framework agreement signed by Archer in Abu Dhabi?
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