Flying taxis just got another step closer to reality as $1 billion startup Archer received approval for commercial operations

Thu, 06/06/2024 - 06:03

Nikhil Goel of Archer smiling wearing a grey suit and cyan tie stood in front of the Midnight eVTOL at the Dubai Air Show — Archer's Midnight eVTOL and Nikhil Goel, the chief commercial officer, at the 2023 Dubai Air Show.
Pete Syme/Business Insider

Archer Aviation announced it has received a certificate for commercial operations from the FAA.
However, it still needs certification for its Midnight eVTOL — on track to launch next year.
Rival eVTOL firm Volocopter plans the first commercial air taxi flights during the Paris Olympics.

Archer Aviation has received the green light for commercial operations.

The California-based company, which has a market capitalization of $1 billion, announced Wednesday that the Federal Aviation Administration has granted it a Part 135 air carrier and operator certificate.