Automakers are pouring millions into 'flying taxis'

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Automakers are pouring millions into 'flying taxis'
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Nobody's putting wings on automobiles, but carmakers have emerged as key partners for a bevy of aviation startups working on electric 'air taxis.'

Nobody's putting wings on automobiles, but carmakers have emerged as key partners for a bevy of aviation startups working onSeveral leading developers of electric vertical takeoff and landing aircraft are aiming to get Federal Aviation Administration certification within the next couple of years.

The plan is for Stellantis to become the exclusive manufacturer of Archer's newly revealed eVTOL, calledMidnight, which can carry four passengers plus a pilot, is designed for back-to-back hops of around 20 miles, with approximately 10 minutes of charging between flights. Carmakers are experts at high-volume production and complex supply chains. They can also learn more about aerodynamics, composites and battery efficiency from their aviation partners."The partnership here I think really helps considerably de-risk and accelerate Archer's ability to get to market and produce vehicles at scale," Archer co-founder and CEO Adam Goldstein told reporters.

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