An anonymous reader shared this report from the Washington Post:
Archer is aiming to launch its first commercially operated [and electrically-powered] flights with a pilot and passengers within a year in Abu Dhabi. A competitor, Joby Aviation, says it is aiming to launch passenger service in Dubai as soon as late 2025. Advancements in batteries and other technologies required for the futuristic tilt-rotor craft are moving so fast that they could soon move beyond the novelty stage and into broader commercial use in a matter of years. Both companies are laying plans to operate at the 2028 Olympics in Los Angeles…
Scaling the industry from a novelty ride for the wealthy to a broadly available commuter option will take billions more in start-up money, executives said, including building out a network of takeoff and landing areas (called vertiports) and charging stations. Some high-profile ventures have already faltered. A plan for air taxis to transport spectators around the Paris Olympics fizzled… Still, investors, including big names like Stellantis and Toyota, have poured money into Silicon Valley companies like Archer and Joby. Boeing and Airbus are developing their own versions. All are betting that quieter, greener and battery-powered aircraft can revolutionize the way people travel. Major U.S. airlines including American, Delta, Southwest and United also are building relationships and planting seeds for deals with air taxi companies.
Two interesting quotes from the article: