Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered aircraft to Soracle, a joint venture between Japan Airlines and Sumitomo Corporation, in a deal valued approximately at $500 million.
Archer says that Soracle plans on deploying its aircraft — which look like a cross between a drone and a helicopter — “in cities where existing ground transportation is constrained by traffic or geographic barriers,” the company said. Still, Archer will need to achieve “certain milestones in advanced aircraft delivery” before Soracle approves pre-delivery payments.