United Airlines Ventures has invested USD15 Million with Eve Air Mobility after signing a purchase agreement for up to 400 Eve eVTOL Aircraft, reports a press release. The Airline has already secured USD10 million with Archer Aviation.
This agreement covers a conditional purchase agreement for 200 four-seater Eve eVTOL aircraft plus 200 options, with expected first deliveries during 2026. This is another significant investment from United in the flying taxi market.
The agreement with Eve also includes collaboration on future projects, like studies on the development, use and application of its aircraft and the urban air mobility (UAM) ecosystem.
Michael Leskinen, President of United Airlines Ventures, commented, “Today, United is making history again, by becoming the first major airline to publicly invest in two eVTOL companies. Our agreement 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.”
Andre Stein, co-CEO of Eve, added, “This is an unparalleled opportunity to work with United to advance the U.S UAM ecosystem. I am confident our solutions, coupled with the global know-how we have been developing at Eve alongside Embraer’s heritage, are the best fit for this initiative.
United was the first major U.S. airline to create a corporate venture fund, United Airlines Ventures (UAV), designed to support the company’s 100 percent green commitment to reach net zero emissions by 2050. Through UAV, United has led the industry in investments in eVTOL and electric aircraft, hydrogen fuel cell engines, and sustainable aviation fuel.
The release says, “United’s investment in Eve was driven in part by confidence in the potential growth opportunities of the UAM market and Eve’s unique relationship with Embraer.”
It continues, “Critically, their relationship includes access to Embraer’s service centres, parts warehouses and field service technicians, paving the way for a reliable operation.”
In fact, United eventually could have its entire eVTOL fleet serviced by Eve’s support operations. The Airline also joins the consortium led by Eve, which will simulate UAM operations in Chicago starting next week.
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(Pics: Eve/United Airlines)