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Archer Aviation Inc. is a publicly traded company headquartered in San Jose, California, which is developing eVTOL aircraft. [1] [2] [3]Its eVTOL aircraft is designed to allow airline operators to transport people in and around cities in an air taxi service and are claimed to have a range of up to 100 miles (160 km) at speeds of up to 150 miles per hour (240 km/h).
United Airlines is also an investor in Archer Aviation. In 2022, Delta Air Lines said it had invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, aiming to initially offer ...
Using some estimates from its committed order book, a typical Archer Aviation air taxi will sell for $5 million. Manufacturers like this have low margins, meaning it will take a lot of orders and ...
Image source: Archer Aviation. The company is also laying the foundation for an air taxi business. It recently signed a memorandum of understanding with Southwest Airlines to develop plans for ...
Archer announced it had entered into a multiparty collaboration agreement with entities in the United Arab Emirates and Abu Dhabi; it hopes to launch air taxi services in the UAE as early as the ...
The funding will give Archer access to much-needed capital to fund the production of its flagship 'Midnight' aircraft to 650 units annually. The company had cash and cash equivalents of $360.4 ...
Archer is among a bunch of eVTOL makers seeking to revolutionize urban travel in congested cities by offering short-haul air travel. Air taxi maker Archer Aviation receives FAA nod to start ...
(Reuters) -Archer Aviation said on Thursday a joint venture between Japan Airlines and Sumitomo Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million.