United Airlines makes second investment in eVTOL in less than a month

United Airlines is investing $15 million in Eve Air Mobility with a deal to buy up to 400 of its electric vertical takeoff and landing planes.

This comes less than a month after United paid Archer Aviation $10 million for 100 of its eVTOL planes.

This new investment is for 200 Eve four-seat electric planes, which have a range of 60 miles, plus the option to buy 200 more.

Under the terms of the agreement, United and Eve will also work together on projects including studies on the development, use and application of Eve’s aircraft and the urban air mobility (UAM) ecosystem.

“United has made early investments in several cutting-edge technologies at all levels of the supply chain, reaffirming our position as a leader in aviation sustainability and innovation,” says Michael Leskinen, president of United Airlines Ventures, the corporate venture fund. of the airline.

“Today, United makes history again by becoming the first major airline to publicly invest in two eVTOL ventures. Our agreement with Eve highlights our confidence in the urban air mobility market and serves as another important benchmark towards our goal of net zero carbon emissions by 2050, without using traditional offsets. Together, we believe our suite of clean energy technologies will revolutionize air travel as we know it and serve as a catalyst for moving the aviation industry toward a sustainable future.”

United Airlines Ventures aims to support the company’s 100% green commitment to achieve net-zero emissions by 2050 without the use of traditional offsets.

Eve was launched in 2017 as a startup within Brazilian aircraft manufacturer Embraer’s EmbraerX technology incubator. The company went public in May this year.

“United’s investment in Eve builds confidence in our products and services and strengthens our position in the North American market,” says Andre Stein, co-chief executive officer of Eve.

“I am confident that our UAM-agnostic solutions, coupled with the global knowledge we have been developing at Eve and Embraer’s heritage, are best suited for this initiative, providing United customers with a fast, affordable and sustainable way to reach its center. airports and commuting in dense urban environments. It is an unparalleled opportunity to work with United to advance the US UAM ecosystem, and one we look forward to.”

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