Archer

Archer

Designs and develops electric vertical takeoff aircraft

About Archer

Simplify's Rating
Why Archer is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Jose, California

Founded

2020

Overview

Archer designs and develops electric vertical takeoff and landing (eVTOL) aircraft aimed at transforming urban transportation. Their aircraft operate by taking off and landing vertically, which allows them to navigate congested city environments efficiently. Archer targets urban commuters, city planners, and transportation networks, offering eco-friendly solutions to improve urban mobility. Unlike traditional transportation methods, Archer's eVTOLs provide a sustainable alternative that reduces environmental impact. The company generates revenue through the sale of its aircraft and may also offer air taxi services in the future. Archer's goal is to lead the shift towards sustainable air mobility in cities, making urban commuting faster and more environmentally friendly.

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Simplify's Take

What believers are saying

  • Archer secured $300M for eVTOL development, enhancing its manufacturing capabilities.
  • FAA approval for Los Angeles air taxi service boosts Archer's market entry potential.
  • Strategic partnerships with Stellantis and United Airlines strengthen Archer's industry position.

What critics are saying

  • Increased competition from established aerospace companies may challenge Archer's market share.
  • Potential regulatory delays could impact Archer's urban air mobility service rollouts.
  • Supply chain constraints for eVTOL components may lead to increased costs and delays.

What makes Archer unique

  • Archer focuses on sustainable urban air mobility with electric vertical takeoff and landing aircraft.
  • The company targets urban commuters with eco-friendly, efficient transportation solutions.
  • Archer combines aircraft sales with potential air taxi services for diversified revenue.

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Funding

Total Funding

$2535.7M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 3%

2 year growth

↑ 2%
MarketBeat
Apr 17th, 2025
Geode Capital Management LLC Increases Holdings in Archer Aviation Inc. (NYSE:ACHR)

Geode Capital Management LLC boosted its holdings in Archer Aviation Inc. (NYSE:ACHR - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,835,128 shares of the company's stock after acquir

Defense Daily
Feb 11th, 2025
Archer Secures $300M for eVTOL Development

Archer has raised $300 million for the development of its eVTOL manufacturing capabilities. For more information, contact [email protected] or call 888-707-5814 during business hours. Access to the full content requires a subscription or registration with Defense Daily.

Urban Air Mobility News
Feb 11th, 2025
Archer raises $300M for defense aircraft

Archer has raised an additional $300 million in equity capital to meet strong demand in the defense market for its hybrid aircraft. This funding, with participation from major investors like BlackRock, brings Archer's total liquidity to around $1 billion. The company launched Archer Defense to develop next-gen aircraft, with the first being a hybrid-propulsion, vertical-take-off-and-landing model. Archer's Q4 2024 GAAP operating expenses are estimated between $120 million and $140 million.

SiliconANGLE
Feb 11th, 2025
Archer Aviation secures $300M for defense expansion

Archer Aviation Inc. has raised $300 million from Blackrock and other investors to enhance its focus on defense applications. The funding will support the development of Archer's hybrid aircraft platform and next-generation manufacturing capabilities, including batteries and composites. Archer, known for its electric flying taxi Midnight, has shifted towards defense, signing a $142 million contract with the U.S. Air Force and launching Archer Defense to develop advanced aircraft.

Finsmes
Dec 13th, 2024
Archer Aviation Raises Additional $430M In Funding

Archer Aviation, a San Jose, CA-based aviation technology company, raised additional $430M in additional equity capital

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