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Archer designs and develops electric vertical takeoff and landing (eVTOL) aircraft for urban transport. Its eVTOLs use electric propulsion to take off and land vertically, enabling compact, city-friendly air mobility that can serve urban commuters and feed into air taxi networks. The company sells its aircraft directly and may in the future generate revenue from air taxi services or related operations, blending aircraft sales with service fees. Archer differentiates itself by focusing on the urban air mobility market and pursuing a direct-sales approach paired with potential operation services, aiming to partner with city planners and transportation networks to integrate eco-friendly, on-demand urban transport. The goal is to advance sustainable, city-centered air mobility and help cities reduce congestion and pollution by offering practical, electric aerial transit.
Industries
Robotics & Automation
Automotive & Transportation
Industrial & Manufacturing
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
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Total Funding
$4.1B
Above
Industry Average
Funded Over
13 Rounds
Performance Bonus
Archer Aviation is implementing a "golden manufacturing line" strategy to streamline its transition from early aircraft builds to high-volume production. The approach uses its Silicon Valley facility for final assembly during the initial phase whilst preparing its Georgia site for larger-scale manufacturing. The strategy enables Archer to identify production issues early and apply lessons from initial Midnight aircraft builds to its Georgia operation. The company is focusing internal development on key technologies including electric and hybrid propulsion systems, flight control software, and composites, whilst sourcing non-differentiating components from existing aerospace suppliers. This manufacturing approach aims to support a structured transition as Archer works towards certification and commercial deployment. The company is currently ramping up production capabilities across facilities in California and Georgia.
The Pentagon is shifting its eVTOL aircraft priorities towards hybrid propulsion and autonomous flight technologies, impacting contracts with Archer Aviation and Joby Aviation. Archer holds a contract with the US Air Force's Agility Prime programme valued at up to $142 million, whilst Joby's contract reached a potential $131 million. The Department of Defence reduced Joby's contract scope in 2025 as priorities changed. Joby is responding by acquiring defence contractor Resonant Sciences for approximately $500 million, which generated over $100 million in revenue over the previous 12 months. Archer has partnered with Anduril to develop Thunder, an autonomous hybrid-electric VTOL platform for military missions. In August, Archer announced plans to acquire Boeing's Insitu, Wisk Aero, and SkyGrid businesses, with Insitu alone generating over $200 million annually.
Joby Aviation and Archer Aviation, competitors in the electric vertical take-off and landing aircraft market, show stark differences in their price-to-sales ratios. Joby trades at 51 times this year's sales, whilst Archer trades at 278 times. The gap stems from revenue generation. Joby's revenue jumped from under $1 million in 2024 to $53.4 million in 2025, driven by US Air Force contracts and its acquisition of Blade Air Mobility's passenger business. Analysts expect Joby's revenue to reach $119.5 million in 2026. Archer generated less than $1 million in 2025, with projections of $15.1 million for 2026. Joby has reached the fifth stage of FAA certification, whilst Archer completed the third stage, positioning Joby closer to launching commercial flights in the US.
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Archer Aviation shares have fallen 14.1% in the month since its last earnings report. The company posted a second-quarter loss of 25 cents per share, matching estimates, whilst revenues of $5 million beat the consensus estimate of $2 million by 156%. The revenue increase was driven by expanded operations at Hawthorne Airport in Los Angeles. Archer continues advancing towards commercial operations, completing piloted city-to-city Midnight flights and preparing for operations under the eVTOL Integration Pilot Programme. Operating expenses rose to $284.2 million as the company invested in certification, engineering and commercialisation efforts. Research and development expenses increased to $186 million from $122.4 million year-over-year, whilst general and administrative expenses climbed to $93.9 million from $53.7 million.
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Industries
Robotics & Automation
Automotive & Transportation
Industrial & Manufacturing
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
Find jobs on Simplify and start your career today