eVTOL開発のArcherがユナイテッド航空から受注、SPAC経由で上場も

今回は「eVTOL開発のArcherがユナイテッド航空から受注、SPAC経由で上場も」についてご紹介します。

関連ワード (Archer Aviation、eVTOL、SPAC、エアタクシー等) についても参考にしながら、ぜひ本記事について議論していってくださいね。

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都市部の航空モビリティマーケットをターゲットとしている電動航空機スタートアップのArcher Aviation(アーチャー・アビエーション)が、SPAC(特別買収目的会社)との合併を通じて公開企業となることを目指す一環で、United Airlines(ユナイテッド航空)を顧客そして投資家として獲得した。

Archer Aviationは米国時間2月10日、SPACのAtlas Crest Investment Corpと合併することで合意したと明らかにした。SPAC合併はスタートアップが従来のIPOプロセスを回避するのを可能にするという、このところよく見られる手法になっている。ティッカーシンボル「ACHR」でニューヨーク証券取引所に上場する合併会社の評価額は38億ドル(約3975億円)となる見込みだ。

ユナイテッド航空やStellantis、Exorのベンチャー部門、Baron Capital Group、Federated Hermes Kaufmann Funds、Mubadala Capital、Putnam Investments、Access Industriesといった投資家からのPIPE(私募増資)の6億ドル(約628億円)を含め、計11億ドル(約1150億円)を得ると予想される、とArcher Aviationは話した。Ken Moelis(ケン・モエリス)氏とその仲間、Archer Aviationの主要・初期投資家の1人であるMarc Lore(マーク・ロア)氏、そして初期投資家もPIPEに3000万ドル(約32億円)を投資する。

合併会社はまた信託で5億ドル(約523億円)を保有する。SPAC合併に先駆けてArcherはシードラウンドとシリーズAで6000万ドル(約63億円)を調達していた。

これとは別に、カリフォルニア州パロアルト拠点のArcherはユナイテッド航空がArcherに投資することに同意したと発表した。合意条件の下で、ユナイテッド航空は10億ドル(約1045億円)分の航空機をArcherに発注した。同航空は追加で5億ドル(約523億円)分の航空機を購入するオプションも持つ。

Archerはまだ電動垂直離発着機(eVTOL)の大量生産を開始していない。同社のeVTOLはフル充電すると時速150マイル(約241km)で60マイル(約96km)飛行できる。同社はフルスケールのeVTOLを2021年後半に披露する計画で、2023年の大量生産開始を目指している。

画像クレジット:Archer Aviation

同社は、ユナイテッド航空との取引、そして以前発表した自動車コングロマリットStellantisとの提携ならびにSPAC合併を通じて調達した資金によって商業化へ向けた取り組みを加速させられると確信している。

関連記事:エアタクシースタートアップArcherが電動飛行機生産で自動車メーカーのフィアット・クライスラーと提携

ユナイテッド航空のCEOであるScott Kirby(スコット・カービー)氏は今回の投資は同社が空の旅の脱炭素化を進める手法の1つだと表現した。

「Archerとの協業で、ユナイテッド航空はよりクリーンで効率的な交通手段を擁する時だということを航空業界に示しています。正しいテクノロジーを活用して我々は航空機が地球に与えるインパクトを抑制できますが、これを早期に現実のものとする次世代の企業を特定し、そうした企業が飛び立つのをサポートする方法を見つけなければなりません」と同氏は述べた。

また今回の動きは、ゆくゆくはユナイテッド航空の乗客の空港送迎ができるかもしれないという新たなビジネスラインへの投資でもある。ArcherのeVTOL1機を使えば乗客1人のハリウッド-ロサンゼルス国際空港間の移動による二酸化炭素排出量を最大50%減らすことができる、とユナイテッド航空は算出している。ロサンゼルスはArcherが最初に機材を飛ばそうと計画している都市の1つだ。

Archer Aviationがステルスモードから登場して1年も経たないうちに、SPACとの合併契約とユナイテッド航空からの受注となった。Archerは2018年にAdam Goldstein(アダム・ゴールドステイン)氏とBrett Adcock(ブレット・アドコック)氏が共同創業した。2人はSaaS企業VetteryをAdecco Groupに1億ドル(約105億円)超で売却した。Archerの主要投資家はロア氏で、同氏は自身の会社Jet.comを2014年にWalmartに33億ドル(約3450億円)で売却し、現在はWalmartのeコマース責任者を務めている。

画像クレジット:Archer Aviation


【原文】

Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company. 

Archer Aviation said Wednesday it reached an agreement to merge with special purpose acquisition company Atlas Crest Investment Corp., an increasingly common financial path that allows the startup to eschew the once traditional IPO process. The combined company, which will be listed on the New York Stock Exchange with ticker symbol “ACHR,” will have an equity valuation of $3.8 billion. 

The company said it expected to receive $1.1 billion of gross proceeds, including $600 million in private investment in public equity, or PIPE, from investors such as United Airlines, Stellantis and the venture arm of Exor, Baron Capital Group, the Federated Hermes Kaufmann Funds, Mubadala Capital, Putnam Investments and Access Industries. Ken Moelis and affiliates, along with Marc Lore, who is one of Archer’s primary and initial backers, are investing $30 million in the PIPE.

The combined company will also hold about $500 million cash in trust. Prior to the SPAC deal, Archer had raised $60 million in a seed and Series A round.

Separately, the Palo Alto, California-based startup announced that United Airlines agreed to invest in the company. Under the terms of its agreement, United has placed an order for $1 billion of Archer’s aircraft. United has the option to buy an additional $500 million of aircraft. 

Archer has yet to mass produce its electric vertical take-off and landing aircraft, which IS designed to travel up to 60 miles on a single charge at speeds of 150 miles per hour. Archer plans to unveil its full-scale eVTOL later this year and is aiming to begin volume manufacturing in 2023. 

Image Credits: Archer Aviation

The company is betting that its deal with United Airlines and a previously announced partnership with automotive conglomerate Stellantis combined with capital raised through its SPAC merger will help speed up its efforts toward commercialization. 

United CEO Scott Kirby couched the investment as one of the ways the airline will help decarbonize air travel.

“By working with Archer, United is showing the aviation industry that now is the time to embrace cleaner, more efficient modes of transportation,” Kirby said. “With the right technology, we can curb the impact aircraft have on the planet, but we have to identify the next generation of companies who will make this a reality early and find ways to help them get off the ground.”

It’s also an investment in a possible new business line that could eventually shuttle United passengers to and from an airport. United estimates that using one of Archer’s eVTOL aircraft could reduce CO2 emissions by up to 50% per passenger on a trip between Hollywood and Los Angeles International Airport — one of the initial cities in which the startup plans to launch their fleet.

The agreement to go public and the order from United Airlines comes less than a year after Archer Aviation came out of stealth.  Archer was co-founded in 2018 by Adam Goldstein and Brett Adcock, who sold their software-as-a-service company Vettery to The Adecco Group for more than $100 million. The company’s primary backer was Lore, who sold his company Jet.com to Walmart in 2014 for $3.3 billion. Lore was Walmart’s e-commerce chief until January. 

Correction: The article incorrectly stated that Lore was still e-commerce chief of Walmart. He left the company in January. 

(文:Kirsten Korosec、翻訳:Nariko Mizoguchi)

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