Price Systems is providing its Cost Analytics service to three of Uber’s eVTOL vehicle partners.
Price said that Bell Helicopter, Karem Aircraft, and Jaunt Air Mobility are all using Price Cost Analytics to predict total life cycle costs for the aircraft they are developing for the Uber Elevate network, which aims to deploy an aerial ridesharing service starting in 2023. According to Price, its technology enables eVTOL companies to design for cost per flight hour while balancing performance factors such as safety, noise, reliability, durability, and maintainability.
“Price Systems is the honest broker for uncovering affordable flights for eVTOL concepts,” stated Kaydon Stanzione, CEO at Jaunt Air Mobility, in a press release. “They have equipped our team with an independent predictive life cycle cost solution required to address the unique features of our compound aircraft.”
Cost models from Price are backed by a team of eVTOL solution architects and researchers led by Nate Sirirojvisuth, PhD. The team consists of former cost engineers at Raytheon SAS, Northrop Grumman, and other aerospace and aviation companies, Price said.
As previously reported by eVTOL.com, Uber is targeting near-term operating costs for its eVTOL air taxis of $700 per flight hour, at least 35 percent less than a comparably utilized single-engine helicopter.
“Uber’s cost-per-flight hour objectives are very challenging, so it’s essential that the life cycle cost impact of every air vehicle design decision is modeled and evaluated against the objectives,” explained Price Systems CEO Anthony DeMarco.
“Affordability is key for urban air mobility, which makes accurate, unbiased cost estimates as essential as safety analysis and performance calculations,” stated Ryan Doss, head of product and business at Karem Aircraft and chief commercial officer for its new air taxi spin-off venture. “Price’s tool addresses this need and is versatile enough to use throughout the development process.”