Full-Time
Designs and sells electric VTOL aircraft
$172k - $230k/yr
No H1B Sponsorship
San Jose, CA, USA
In Person
Bachelor's
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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.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
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Performance Bonus
Archer Aviation and AEG plan to unveil an air taxi at LA Live on Monday and construct downtown Los Angeles's first vertiport ahead of the 2028 Olympics. The Santa Cruz-based aviation company aims to enable passengers to travel across the city in 10 to 20 minutes aboard its Midnight aircraft, turning hour-long commutes into short all-electric flights. Archer's planned Los Angeles network will include SoFi Stadium, USC, and Hollywood Burbank Airport, with Hawthorne Airport serving as its central hub. The companies have completed an initial feasibility study for the LA Live site, covering land use, airspace reviews, power availability, and community impact. The next phase examining operational approach and guest experience is underway. Competitor Joby Aviation showcased its electric air taxi in September 2024, also targeting a 2028 Olympics launch in Los Angeles.
Archer Aviation has partnered with AEG to build downtown Los Angeles' first vertiport at L.A. LIVE, becoming the exclusive air taxi partner for the district. The announcement came in August 2026, alongside the company's second-quarter results showing $5.0 million in sales and a net loss of $263.2 million. The L.A. LIVE vertiport strengthens Archer's visibility around urban deployment and its LA28 ambitions. However, near-term challenges remain, including widening net losses and ongoing certification work. Recent progress includes the Midnight aircraft completing a piloted roundtrip between Salinas and Monterey. Archer's narrative projects $716.0 million revenue by 2029, requiring 622.3% yearly revenue growth. Some optimistic analysts forecast revenue reaching $868.1 million by 2029. The partnership provides a visible launchpad for testing urban air mobility economics, though regulatory milestones and public acceptance remain key risks.
Archer Aviation's Chief Legal and Strategy Officer Eric Lentell sold 52,762 shares of Class A common stock on 17 August 2026, valued at approximately $338,204, according to an SEC Form 4 filing. The sale was non-discretionary and executed automatically to cover tax liabilities from vesting equity awards, not representing a change in investment stance. Lentell retains 185,011 directly held shares and 435,687 restricted stock units subject to future vesting. As of the transaction date, Archer Aviation shares had declined 35% over the previous year. The San Jose-based company develops electric vertical takeoff and landing aircraft for urban air mobility, with trailing twelve-month revenue of $6.9 million and net losses of $799.7 million.
Archer Aviation CEO Adam Goldstein projects confidence despite the company not yet generating meaningful revenue or achieving profitability. The eVTOL manufacturer expects to begin initial US operations later this year through the White House's eVTOL Integration Pilot Program, with plans to showcase its Midnight electric aircraft at the 2028 Los Angeles Olympics. Archer became the first eVTOL manufacturer to complete phase 3 of the FAA's four-phase type certification process. The company held approximately $1.56 billion in cash, cash equivalents, and short-term investments at the end of Q2. Archer is acquiring Boeing's Wisk business, drone manufacturer Insitu, and airspace software company SkyGrid. The transaction adds Insitu's existing defence business, which generates over $200 million in annual revenue.
Archer Aviation has agreed to acquire three Boeing businesses — Wisk Aero, Insitu, and SkyGrid — in exchange for newly issued Archer stock. When the deal closes, Boeing will receive a 19.75% stake in Archer's Class A shares. The acquisition significantly bolsters Archer's defense business. Insitu, a military-drone company, generates over $200 million in annual revenue, compared to Archer's $300,000 in 2025. Wisk has completed more than 1,700 eVTOL flight tests, whilst SkyGrid provides air traffic management. The deal diversifies Archer beyond its urban air taxi ambitions, though it comes at the cost of shareholder dilution. Boeing also holds two warrants that could cause further dilution. Archer's shares initially surged 25% on the news before settling to a 13% gain.