Archer

Archer

Develops electric aircraft for urban mobility

About

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, making urban commuting more efficient and environmentally friendly.

Company Stage

IPO

Employees

1,001-5,000

Industries

Automotive & Transportation

Total Funding

$637.8M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Archer's collaboration with Southwest Airlines and other major partners could lead to widespread adoption of eVTOL technology, revolutionizing urban air mobility.
  • The completion of high-volume manufacturing facilities positions Archer to scale production rapidly, meeting growing demand for eVTOL aircraft.
  • Strong financial investments and strategic agreements, such as those with Abu Dhabi, provide a solid foundation for accelerated growth and market expansion.

What critics are saying

  • The nascent eVTOL market faces regulatory hurdles that could delay commercial operations and impact revenue.
  • High dependency on successful integration and performance of new technologies, such as high-volume battery pack manufacturing, poses operational risks.

What makes Archer unique

  • Archer Aviation focuses on electric vertical takeoff and landing (eVTOL) aircraft, setting it apart from traditional aviation companies.
  • Strategic partnerships with major airlines like Southwest and mobility platforms like KakaoMobility enhance Archer's market reach and operational capabilities.
  • Significant investments from industry giants like Stellantis and agreements with Abu Dhabi underscore strong financial backing and confidence in Archer's technology.

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Growth & Insights
Headcount

6 month growth

10%

1 year growth

24%

2 year growth

71%

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