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The news lifted shares of both Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR), two leading eVTOL developers in the U.S., though both stocks have lagged the benchmark S&P 500 in 2024 ...
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).
(Reuters) -Southwest Airlines and Archer Aviation said on Friday they have agreed to develop operational plans for electric air taxi networks built by Archer at California airports where Texas ...
(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.
The company was originally self-financed by Bevirt, after the sale of his previous companies, Velocity11 and GorillaPod. On February 1, 2018, Joby Aviation announced it raised $100 million in a Series B round of funding, including from Intel Capital, Toyota AI Ventures, Jet Blue Technology Ventures, and Tesla/SpaceX-backer Capricorn Investment Group.
Archer was originally started with a research grant from Adcock at the University of Florida and ultimately headquartered in Palo Alto, California. [32] In February 2021, United Airlines made an initial purchase of Archer aircraft with the intent of using them to provide urban service to airports.
The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.
Dallas Area Rapid Transit operates numerous bus routes across 13 cities in the Dallas–Fort Worth metroplex with varying levels of frequency, including express and shuttle services. In 2023, the service had a ridership of 28,202,400, or about 94,000 per weekday as of the third quarter of 2024.