Connect with us

Hi, what are you looking for?

CleanTechnica
Image courtesy of United Airlines.

Aviation

United Airlines Puts $15 Million Bet On Electric Aircraft Startup Eve Air Mobility

There are various views on electric aircraft. Some think electric aircraft are clearly the future, while others think it’s all fluff. Then, of course, there’s the middle ground. What really inspires confidence, though, is when big shots in the aviation industry start putting money behind the technology. On that topic, United Airlines has invested $15 million into electric aircraft startup Eve Air Mobility. Eve Air Mobility is also backed by Embraer.

United Airlines also agreed to buy 200 of the electric air taxis — presuming Eve Air Mobility gets to the point that it can produce 200 — and it has an option to buy another 200 if it so chooses (again, if Eve Air Mobility is one day able to produce 400 electric aircraft).

While the aircraft are not expected to hit the market until 2026, Eve joined the stock market (the NYSE) in May of this year.

United Airlines isn’t putting all of its eggs into one electric basket, though. The company also put $10 million down for 100 electric aircraft from Archer Aviation.

We’ve been covering dozens of electric aircraft companies in the past several years. It’s always an exciting dream to think about fully electric air transport, but we don’t really know yet how much it will become commercially competitive. Shorter-range regional flights in small and midsized planes are the easiest route forward for electric powertrains, and many people do assume these will be commercially viable markets in the future. I don’t think United Airlines would put tens of millions of dollars into these companies if it didn’t think so as well. However, that is still a drop in the bucket of United’s overall revenue and expenditures. We will have to wait at least a few years to see if that investment and hope pays off. In the meantime, we’ll keep our eyes out for any more notable electric aircraft collaborations. Let us know if you see any, too.

Featured image courtesy of United Airlines

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Aviation

Electric aircraft are all the rage, and they have been for several years, but when are we going to see actual commercial electric airplane...

Aviation

One of the news items that recently crossed our path is the news that Pratt & Whitney Canada — which is a self-proclaimed “world...

Aviation

NREL's Analysis of Electric Charging Infrastructure Will Prepare Airports To Welcome Sustainable Aircraft While Boosting Grid Resilience and Connecting Communities

Aviation

Urban electric aircraft have been a fun topic for several years, yet we also don’t really actually have any urban electric aircraft on the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.