United Airlines invested $15 million in Eve Air Mobility and placed a conditional purchase agreement for 200 four-seat electric aircraft plus 200 options calling for first deliveries as early as 2026, the Chicago-based carrier said Thursday. Under the terms of the agreement, the companies intend to work on future projects, including studies on the development, use, and application of Eve’s aircraft and the so-called urban air mobility (UAM) ecosystem.
The latest commitment by United comes less than a month after it placed a $10 million deposit on 100 eVTOL aircraft with Archer Aviation. The airline in February 2021 signed a provisional agreement with Archer to buy up to 200 of its four-passenger eVTOL aircraft in a deal valued at $1 billion. At the time, Archer said the pre-delivery payment represented one of the first of its kind in the nascent eVTOL industry following announcements by several manufacturers of provisional sales that appear unsupported by any type of formal payment schedule or deposit.
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