The move shows that tech start-ups attacking climate issues can attract the most qualified engineers.
not only invested in its business, but also placed an order for $1 billion of its fully electric aircraft with the option to buy an additional $500 million worth over time.
Commercial passenger aviation generated 785 million tons of carbon dioxide emissions in 2019, according toMeanwhile, the International Air Transport Associationthat air travel passenger numbers will recover to more than 85% of pre-pandemic levels next year, and surpass pre-pandemic levels by 5% in 2023.
Schwekutsch told CNBC in an e-mail on Wednesday, "While automobiles have certainly progressed, the only way to see true climate reform is by not making only cars more sustainable, but every means of transportation. And air travel clearly has the biggest opportunity to become more sustainable." Archer co-founder and CEO Brett Adcock said, "Michael's decision to come on board validates the success of the last several years and we are excited to move our powertrain development forward at pace towards our planned commercial launch in 2024." Schwekutsch will lead the company's battery and electric motor development efforts.
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