Advanced Air Mobility

The investment gives the company a post-sale valuation of about $275M as it works to develop its flagship TriFan 600.

The space agency works with a range of manufacturers and other stakeholders in the advanced air mobility (AAM) industry to guide aircraft design and operation.

For the first time, the Lilium Jet’s electric engines were taken up to full throttle, which the company says represents a key milestone toward crewed flight.

The acquisition is intended to speed up the certification process for Wisk’s self-flying Generation 6 electric vertical takeoff and landing (eVTOL) air taxi.

The manufacturer claims the models will comprise the first family of hydrogen-powered, zero-emission, vertical takeoff and landing (VTOL) jets.

The newly formed operator is working with Ferrovial Vertiports to build a network for the manufacturer’s flagship Lilium Jet in Florida and California, including Los Angeles.

The company’s ElevateOS offering comprises a core operating system, rider and pilot apps, and matching engine that connects users to flights much like ride-hailing services.

Entrepeneur announced the new model electric car in 2017, and there is still no timeline on its unveiling.

Under the agreement, Archer would secure takeoff and landing sites for its aircraft at more than 200 Signature locations, many located in major metropolitan areas.

Midnight achieved speeds greater than 100 mph on the remotely controlled flight before reverting to vertical mode for landing.