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Archer Aviation is one of a few companies developing eVTOL technology that could change urban transportation as we know it. Its Midnight aircraft can maneuver similarly to a helicopter, but also ...
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).
Archer Aviation has also increased its share count by nearly 50% since its public debut, and investors should brace for even more dilution as it raises more cash to fund its long-term expansion ...
Archer also said aviation firm Future Flight Global planned to purchase up to 116 Midnight aircraft worth up to $580 million and has made an initial deposit. Separately, the eVTOL maker announced ...
Archer Aviation, however, stands out from the crowd. Through its strategic partnership with automaker Stellantis (NYSE: STLA) , Archer has implemented a "capital light" approach to developing its ...
In October 2018, Adcock founded electric aircraft company Archer Aviation. [31] 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 ...
Archer Aviation is achieving some of its vital goals, but one success it can't claim is profitability. For example, in the first quarter of 2024, it lost $116.5 million. That makes total sense ...
Archer Aviation's pursuit of innovation in the eVTOL space is a journey filled with promise and peril. The company's strategic initiatives, financial strength, and visionary leadership have ...
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