Archer Aviation has been selected as the "official air taxi provider" for the Los Angeles Olympic and Paralympic Games in 2028, the company said Thursday. Why it matters: The nominally "no-car" Olympics are the biggest possible showcase for the future of urban air mobility.

Archer (NYSE: ACHR) announced that it has been selected as the Official Air Taxi Provider of the LA28 Olympic and Paralympic Games and Team USA.

Los Angeles Olympic organizers have selected Archer Aviation to be the official air-taxi service for the 2028 Games, saying the unprecedented partnership is part of its mission to re-imagine the world's biggest sporting event for the future.