Share to Facebook Share to Twitter Share to Linkedin Archer Aviation Midnight electric vertical and takeoff aircraft flying over Los Angeles, Calif. The ..

. [+] company announced the launch of an air transport network in the area by 2026. Archer Aviation Commuters and travelers in the Los Angeles area could be zipping to their destinations in minutes by 2026 in electric vertical takeoff and landing aircraft instead of spending hours crawling in traffic on perpetually jammed southern California freeways and roads.

That’s the enticing prospect offered by Archer Aviation Inc. as it plans to launch what it calls an air mobility network in L.A.

within the next two years, the Santa Clara, Calif.-based company announced Thursday in conjunction with release of its second quarter financial results. Passengers will fly in Archer’s Midnight eVTOL, which carries a pilot and four passengers, along with carry-on luggage, traveling at 150 miles per hour.

It takes off and lands vertically, but flies horizontally like a fixed-wing airplane. The idea is to reduce travel time for trips that may not be geographically far apart but where road traffic turns what should be short drives into lengthy slogs. “This is kind of showing the world, at least the L.

A. community, how this technology has been worked on for 15 -plus years is actually going to come to life and it's pretty exciting,” said Archer Aviation CEO Adam Goldstein, in an interview. MORE FOR YOU ‘Don’t Get Left Behind’—Cry.