Archer Aviation and Joby Aviation have both entered into significant agreements with Abu Dhabi to accelerate the development and operation of electric vertical takeoff and landing (eVTOL) air taxis in the UAE. Archer announced a multi-hundred-million-dollar investment from Invest Abu Dhabi to boost its commercial air taxi operations, aiming to launch as soon as late next year. This deal includes a substantial incentive package for manufacturing and operating in Abu Dhabi, marking a pivotal moment for the region's urban air mobility ambitions. Concurrently, Joby Aviation has partnered with Abu Dhabi to establish an electric air taxi ecosystem, further positioning the UAE as a leader in this emerging industry, highlighted by Joby's stock symbol $JOBY.
🇦🇪Strengthening EHang's presence in the UAE - Excited to announce our strategic collaboration with the Abu Dhabi Investment Office @InvestAbuDhabi and Multi Level Group at @driftx_AD to drive eVTOL development in the UAE. Abu Dhabi is at the forefront of the innovative… https://t.co/DZoGoH9WVZ
It seems like the enthusiasm for flying cars has been growing exponentially every time I return to the UAE. This week's @Driftx_AD event has been a great showcase of the incredible momentum that's building here in support of urban air mobility capped off by our announcement of… https://t.co/qUeoCRHUz4
China green-lights mass production of autonomous flying taxis — with commercial flights set for 2025 The EHang EH216-S autonomous flying taxi is the first eVTOL ready for mass production and could lead the way for flying cars around the world. Autonomous flying taxis could soon… https://t.co/atgXlTv36S
*Joby Partners With Abu Dhabi to Establish Electric Air Taxi Ecosystem $JOBY
Today's announcement with @InvestAbuDhabi that we've signed a term sheet that provides @ArcherAviation with a substantial incentive package to manufacture and operate our aircraft here represents a definitive moment in Abu Dhabi's efforts to lead the UAE, and the rest of the… https://t.co/raM7dnJoEb
The UAE-not the US-is looking more likely as the place where #eVTOL air taxi service will first take off. Based on new news from @ArcherAviation and previous from @jobyaviation | @worthmag https://t.co/Eqy19gDFPO
Over a year in the making – today we announced a significant agreement with @InvestAbuDhabi that covers several-hundred-million dollars of investments focused on accelerating Archer’s commercial air taxi operations across the 🇦🇪 Emirates as soon as late next year. A huge thank… https://t.co/yeVOoBAmOt