More from Air taxis: the latest on the flying electric cars bringing the Jetsons dream to life

The aviation startup said it would launch an “air mobility network” in Los Angeles to combat the city’s notorious congestion. Vertiports, where Archer’s Midnight eVTOL aircraft will takeoff and land, are being planned for LAX, Orange County, Santa Monica, Hollywood Burbank, Long Beach, Van Nuys, and the University of California. If the company can get the proper approvals from the FAA, service will launch in early 2026.

The recently passed bill to reauthorize the Federal Aviation Administration contains a whole section on “advanced air mobility,” which is an industry term for electric vertical takeoff and landing aircraft. According to The Air Current, the bill contains provisions that would make it much easier for first generation eVTOL operators like Joby, Archer, Supernal and Beta — all of which have been spending crazy money on lobbying in Washington — to launch commercial airtaxi operations.

The automaker (parent company to Jeep and Dodge) announced a purchase of 8.3 million shares in eVTOL company Archer, in a deal roughly worth over $39 million. Stellantis already has a deal to manufacture Archer’s electric vertical takeoff and landing aircraft, which are set to launch in 2025. Today’s open market stock purchase is meant to signal “Stellantis’ continued confidence in Archer’s plans” to bring its aircraft to market. Despite numerous layoffs, trade secret disputes, and company shutdowns, the eVTOL true believers are still racing to get something in the air to prove all this cash burn has been worth it.

Joby’s agreement with Dubai’s Road and Transport Authority gives the startup exclusivity to run its electric air tax services for six years. Part of the deal with Dubai includes a contract with Skyports to design, build, and operate four “vertiports” for vertical takeoffs and landings.