United Airlines has declared a $15 million investment in electric aviation startup Eve Air Mobility and will buy 200 electric aircraft which can seat four passengers and take off and land vertically like a helicopter.
This marks another significant investment from United in flying taxis or eVTOLs (electric vertical take-off and landing vehicles) that have the potential to revolutionize the commuter experience in cities around the world.
United signed an agreement
United Airline signed a purchase deal for up to 400 VTOL aircraft from Eve, owned by Brazilian aircraft manufacturer Embraer. “United is making history again, by becoming the first major airline to publicly invest in 2 eVTOL companies.
Our deal with Eve highlights our confidence in the urban air mobility market and serves as another important benchmark toward our goal of net zero carbon emissions by 2050 without operating traditional offsets,” told Michael Leskinen, President of United Airlines Ventures.
The companies aim to develop small, electric vertical takeoff and landing (eVTOL) aircraft that can fly from rooftop to rooftop in a dense city as a taxi service. Under the terms of the deal, the companies intend to work on future projects, including studies on the development, use, and application of Eve’s aircraft and the urban air mobility (UAM) ecosystem
- “United’s investment in Eve reinforces the trust in our products and services and strengthens our position in the North American market,” told Andre Stein, co-CEO of Eve.
Sustainable aviation fuel
Through UAV, United has led the industry in investments in eVTOL and electric aircraft, hydrogen fuel cell engines, and sustainable aviation fuel. Last month, United gave a $10 million deposit to a California-based eVTOL company for 100 aircraft.
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Eve’s design uses conventional fixed wings, rotors, and pushers, providing it with a practical and intuitive lift-plus-cruise design, which favors safety, efficiency, reliability, and certifiability.
With a range of 60 miles (100 km), its vehicle has the potential not only to offer a sustainable commute but also to reduce noise levels by 90 percent compared to current conventional aircraft.
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