InterGlobe Enterprises, the major stakeholder of India’s leading airline, IndiGo, and U.S.-based Archer Aviation, a prominent player in electric vertical takeoff and landing (eVTOL) aircraft, have unveiled their joint initiative to launch an all-electric air taxi service in India by 2026. The collaboration, contingent on regulatory approvals, seeks to tap into the escalating demand for efficient transport solutions in India, grappling with escalating ground travel congestion and urban pollution.
Archer Aviation, boasting support from industry giants such as Chrysler-parent Stellantis, Boeing, and United Airlines, specializes in the production of electric aircraft, particularly the ‘Midnight’ eVTOL model. Capable of carrying four passengers and a pilot for distances up to 100 miles, these air taxis aim to revolutionize urban air mobility. The service is set to debut with an initial fleet of 200 aircraft, commencing operations in key metropolitan hubs such as Delhi, Mumbai, and Bengaluru.
The companies assert that the air taxi service will offer a substantial reduction in travel time, citing that a journey taking 60 to 90 minutes by car in Delhi could be completed in approximately 7 minutes using their e-aircraft. Beyond passenger transportation, InterGlobe Enterprises plans to leverage the electric aircraft for cargo, logistics, medical emergencies, and charter services.
Archer Aviation recently secured a $142 million deal with the U.S. Air Force for six Midnight aircraft, further solidifying its position in the emerging eVTOL market. In October, the company also announced plans to launch an air taxi service in the United Arab Emirates.
As the news broke, Archer Aviation’s shares experienced a 1.5% increase in U.S. premarket trading, while InterGlobe Aviation closed up 0.12% ahead of the announcement. The success of this venture hinges on regulatory clearances and technological advancements, with both companies eyeing a transformative impact on India’s urban transportation landscape.
