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.

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.

The official aircraft, built by California-based Archer Aviation, will shuttle athletes and VIPs around the city at speeds of up to 150 miles per hour.