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ARCHER AVIATION INC.
Updated: 1 day ago
Archer Aviation Inc. is an American company that is developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company was founded in 2018 and is headquartered in Palo Alto, California.
Archer Aviation's eVTOL aircraft are designed to provide a safe, sustainable, and efficient mode of transportation for urban areas. The aircraft are capable of taking off and landing vertically, allowing them to operate in areas where traditional aircraft cannot. They are powered by electric motors, which reduces noise pollution and carbon emissions compared to traditional aircraft.
Archer Aviation's aircraft are designed to be piloted initially, with plans to eventually transition to autonomous flight. The company is working with regulatory agencies to obtain certification for its aircraft and plans to launch commercial operations in 2024.
Archer Aviation has already established partnerships with several major companies, including United Airlines and Fiat Chrysler Automobiles (FCA). In February 2021, United Airlines announced a $1 billion order for Archer's eVTOL aircraft, which it plans to use to transport passengers to and from urban centers. FCA has also invested in Archer Aviation and plans to provide the company with engineering and design support.
Archer Aviation's eVTOL aircraft have the potential to transform urban transportation by providing a faster, more efficient, and environmentally-friendly mode of travel. The global market for urban air mobility is expected to reach $1.5 trillion by 2040, according to a report by Morgan Stanley. As demand for sustainable transportation solutions continues to grow, Archer Aviation is well-positioned to capitalize on the opportunities presented by the expanding market.
In addition to its eVTOL aircraft, Archer Aviation is also developing a network of landing sites and charging stations for its aircraft. The company is working with real estate developers and city planners to identify suitable locations for its landing sites and plans to launch operations in Los Angeles, Miami, and New York City.
Archer Aviation is a pioneering company in the field of urban air mobility, with a focus on developing electric vertical takeoff and landing (eVTOL) aircraft. With partnerships with major companies and a pipeline of innovative products, Archer Aviation is well-positioned to capitalize on the growing demand for sustainable transportation solutions.