{"id":441588,"date":"2021-02-23T07:03:21","date_gmt":"2021-02-23T12:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441588"},"modified":"2021-02-23T07:03:21","modified_gmt":"2021-02-23T12:03:21","slug":"archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/","title":{"rendered":"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <em>Archer, a leader in the Urban Air Mobility (\u201cUAM\u201d) space commercializing electric vertical takeoff and landing (\u201ceVTOL\u201d) aircraft, has announced its commitment to launching its first UAM network in Los Angeles by 2024.<\/em>\n        <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>\n          <em>Archer\u2019s partnership with the city of Los Angeles will work to address some of Southern California\u2019s mobility challenges, offering people a new option to travel in and around dense cities in a fast, safe, sustainable, and cost-effective manner.<\/em>\n        <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>\n          <em>The news follows the formation of the Urban Air Mobility Partnership, announced by Los Angeles Mayor Eric Garcetti in December 2020. A first-of-its-kind initiative in the U.S. to make Los Angeles the unmistakable leader on Urban Air Mobility, the program will develop strategies for the integration of UAM into existing transportation networks and land use policies.<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>PALO ALTO, Calif., Feb.  23, 2021  (GLOBE NEWSWIRE) &#8212; 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\u2019s mobility challenges and provide a new option for people to travel more freely in and around dense metropolitan areas.<\/p>\n<p>Archer\u2019s 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\u2019s recently announced merger with Atlas Crest Investment Corporation (NYSE: ACIC) and a $1bn commercial order from United Airlines, which is subject to United\u2019s business and operating requirements, values the company at $3.8 billion and puts Archer in prime position to integrate UAM as part of cities\u2019 future transportation networks.<\/p>\n<p>A demonstration of its commitment to Los Angeles, Archer is supporting efforts to educate the city\u2019s residents about the new transportation technology. Los Angeles Mayor Eric Garcetti announced the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-y8WVSoUR_fkstQ-cKN2-EPr7SCLoUQLyz1Gj4w8iqfPZiVVdVNxhi0HtlPPx5l7GWbTHdngUm-KDt8u0YacYJ7eo_De0IsfVGy2ksOTMQ5gED8J8aQdYJRytkIhgLX8Ixy015t-W5j4RdKeTnEVOg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Urban Air Mobility Partnership<\/u><\/a> in December 2020, a first-of-its-kind initiative in the U.S. to make Los Angeles the unmistakable leader on Urban Air Mobility. A collaboration between the Mayor\u2019s 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.<\/p>\n<p>\u201cOur 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,\u201d said Adam Goldstein, co-Founder and co-CEO of Archer.<\/p>\n<p>\u201cIn 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,\u201d added Brett Adcock, co-Founder and co-CEO of Archer. He added, \u201cWorking with Urban Movement Labs will be invaluable as we collectively advance our programs ahead of our first customer flights in 2024.\u201d<\/p>\n<p>\u201cArcher\u2019s commitment to launch their first eVTOL aircraft in one of United\u2019s 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,\u201d said Michael Leskinen, Vice President of Corporate Development and Investor Relations at United Airlines. \u201cWe\u2019re 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.\u201d<\/p>\n<p>Urban Movement Labs and the City of Los Angeles plan to collaborate to develop the design and access of \u201cvertiports,\u201d a new piece of L.A.\u2019s transportation network where people can go to fly on an urban air mobility aircraft.<\/p>\n<p>\u201cOur vision is to improve mobility, reduce congestion, create employment, and promote healthier communities through public and private sector collaboration,\u201d said Lilly Shoup, Executive Director of Urban Movement Labs. \u201cWorking 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.\u201d<\/p>\n<p>\n        <strong>About Archer<\/strong>\n      <\/p>\n<p>Archer\u2019s mission is to advance the benefits of sustainable air mobility. Archer\u2019s goal is to move people throughout the world&#8217;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&#8217;s team is based in Palo Alto, CA. To learn more, visit <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XnMN6Rt9_xkG35BB0DHfGZYdJzOnssEY-ODg2DfsSwcp6LmE5yrUhzki_hkxiGawANbOI9GlDJXcnu7XneLy0A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.archer.com<\/a><\/u>.<\/p>\n<p>\n        <strong>For Media<\/strong>\n      <\/p>\n<p>Louise Bristow<br \/>C: 818 398 8091<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Kk5r46CaEc0Y1S1SSJdNavzBbpoBCBcw0p7Vv9KgHI1sYaOpDchBW7KS-2zTE54GATBgxDIG8vhenyc28bmnFmPBGiiX4YRLnfB1Y0PMDl8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">louise@flyarcher.com<br \/><\/a><\/u><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SCW0bqo_CoQ4Z1eS6HHoo455yF5SSTeOOQZD-nPWnIT8e4Gac1IE4GzSdQPevaYjTtiG2rUDjthpdjy1drI_ndWzlptdKIhWHYRqdd9WUtw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">archer@launchsquad.com<\/a><\/u><\/p>\n<p>\n        <strong>About Urban Movement Labs<\/strong>\n      <\/p>\n<p>Urban 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\u2019 Mayor\u2019s 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: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K1kdASmvS4hVJaU58Lr9ZrsffrmvEINXeoR5G5ja0Yy2rWgMJzQD-gOuemnmtbcU738FqiP6SHLWBZjWwhwDTCKT_WY5qr0rKNjEkySTf5Vqku7QELspVd1UW44FKjC4\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.urbanmovementlabs.com\/<\/a>\u00a0| Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4yV_zpA6RNjviqi5FeO3DSqQBbiNV73j-JUMjLGsK-p79SGxnyF7iqigRmh-S7Us4n2fSnHL_QZdudl9tK-FHpAtsed51-0QSTwz2EsG0xo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@UrbanMvmtLab<\/u><\/a><\/p>\n<p>\n        <strong>For Media<\/strong>\n      <\/p>\n<p>Jorge Canez<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bNA23I1NK9B6c7eU8aWaix5PfMqHMHBtPhaZUZ8Vfo0srU34yHjjWqFzt5XSnn8y4Q1vSpfrRBef3DrRJugu57J7TxX1TRBP2JVP082bdeaD0rsoqb5bwa-PSf21X8oZ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">jorge@urbanmovementlabs.com<\/a><\/p>\n<p>A photo accompanying this announcement is available at:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K1kdASmvS4hVJaU58Lr9ZukXPCwakZbERwCE-Fx8jv-8v9G4pduDhab3EsoyUjXaTlEzM-ZIPq418rv_QAIP3eKeVuH8gDynmH5_i2VmzJqTqieEzAmq1PREt_ZmFNxN16_wkZiDBmlDNZmwYSwQOyWrW8Q-miioDW-c9ZrhEd2kC6vi1f1Kj0uVvaEHXsNB-04EpAKbdnsDEhv7tWLs1tRLBpE1ADxnfmRcYk7y3vJxwTgUTJ7bwUVWmqt066GD4cGPUygPeGSSjqyDhuwYyw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/1c00b9f7-92aa-4dea-b0e0-54c5a6da93f4<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzcwMCMzOTg5OTQzIzUwMDA3MjEwMQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/352fc055-1562-4252-af2d-7c04250058e7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Archer, a leader in the Urban Air Mobility (\u201cUAM\u201d) space commercializing electric vertical takeoff and landing (\u201ceVTOL\u201d) aircraft, has announced its commitment to launching its first UAM network in Los Angeles by 2024. Archer\u2019s partnership with the city of Los Angeles will work to address some of Southern California\u2019s mobility challenges, offering people a new option to travel in and around dense cities in a fast, safe, sustainable, and cost-effective manner. The news follows the formation of the Urban Air Mobility Partnership, announced by Los Angeles Mayor Eric Garcetti in December 2020. A first-of-its-kind initiative in the U.S. to make Los Angeles the unmistakable leader on Urban Air Mobility, the program will develop strategies for the integration of UAM into &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441588","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Archer, a leader in the Urban Air Mobility (\u201cUAM\u201d) space commercializing electric vertical takeoff and landing (\u201ceVTOL\u201d) aircraft, has announced its commitment to launching its first UAM network in Los Angeles by 2024. Archer\u2019s partnership with the city of Los Angeles will work to address some of Southern California\u2019s mobility challenges, offering people a new option to travel in and around dense cities in a fast, safe, sustainable, and cost-effective manner. The news follows the formation of the Urban Air Mobility Partnership, announced by Los Angeles Mayor Eric Garcetti in December 2020. A first-of-its-kind initiative in the U.S. to make Los Angeles the unmistakable leader on Urban Air Mobility, the program will develop strategies for the integration of UAM into &hellip; Continue reading &quot;Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T12:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzcwMCMzOTg5OTQzIzUwMDA3MjEwMQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024\",\"datePublished\":\"2021-02-23T12:03:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/\"},\"wordCount\":916,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE1NzcwMCMzOTg5OTQzIzUwMDA3MjEwMQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\\\/\",\"name\":\"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024 - 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Archer\u2019s partnership with the city of Los Angeles will work to address some of Southern California\u2019s mobility challenges, offering people a new option to travel in and around dense cities in a fast, safe, sustainable, and cost-effective manner. The news follows the formation of the Urban Air Mobility Partnership, announced by Los Angeles Mayor Eric Garcetti in December 2020. A first-of-its-kind initiative in the U.S. to make Los Angeles the unmistakable leader on Urban Air Mobility, the program will develop strategies for the integration of UAM into &hellip; Continue reading \"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-23T12:03:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzcwMCMzOTg5OTQzIzUwMDA3MjEwMQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024","datePublished":"2021-02-23T12:03:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/"},"wordCount":916,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzcwMCMzOTg5OTQzIzUwMDA3MjEwMQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-announces-commitment-to-launching-its-urban-air-mobility-network-in-los-angeles-by-2024\/","name":"Archer Announces Commitment to Launching Its Urban Air Mobility Network in Los Angeles by 2024 - 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