Archer Aviation Inc. (ACHR)
Archer Aviation Inc. is an American aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded with the goal of transforming city transportation, Archer aims to provide faster, quieter, and more sustainable aerial rides. The company designs and manufactures eVTOL aircraft intended for passenger and cargo services, leveraging advanced electric propulsion and autonomous flight technologies.
Company News
Two leading electric vertical takeoff and landing (eVTOL) companies, Archer and Joby, are advancing towards FAA certification with strategic partnerships and significant funding, targeting a potential $1 trillion market by 2040.
Chinese eVTOL company EHang is positioning itself as a comprehensive Urban Air Mobility platform operator, with over 1,000 aircraft orders and production capabilities across multiple facilities, targeting international expansion with a cost-effective autonomous approach.
Archer Aviation delivered its first piloted Midnight aircraft to UAE partner Abu Dhabi Aviation, achieving a critical operational milestone. The company maintains a strong cash position of $1.8 billion and demonstrated effective financial management in Q2 2025, beating earnings estimates and positioning itself for potential commercial revenue.
Ohio is hosting leading aerospace companies and the U.S. Department of Transportation for panel discussions and media events at the Paris Air Show 2025. The state's private economic development corporation, JobsOhio, will participate in these events, highlighting Ohio's robust aerospace ecosystem and its support for the aerospace, aviation, and defense industries.
Archer Aviation's stock price continued its recovery this week after the company received another $55 million investment from Stellantis. The investment is in addition to previous funding, and Stellantis cited Archer's progress on its high-volume facility and testing events as reasons for the investment. However, Archer still faces challenges, including ongoing losses and competition from other eVTOL companies.
