Contract
Posted on 9/19/2025
Designs and sells electric VTOL aircraft
$70 - $75/hr
No H1B Sponsorship
San Jose, CA, USA
Hybrid
In-office schedule of approximately three days per week in San Jose, CA.
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 has partnered with Hopscotch Air, an FAA-certificated air taxi operator, to test concepts for future advanced air mobility operations. The collaboration provides Archer with real-world operational insights to refine its aircraft, software and operating models for commercial air taxi services. The partnership supports Archer's preparation for early operations around the White House eVTOL Integration Pilot Program, where the company is working with partners in Texas, Florida and New York. Hopscotch brings day-to-day operator feedback to help Archer develop repeatable, scalable services. Archer's narrative projects $533.9 million revenue by 2029, requiring 1,111.8% yearly growth. However, the company continues to face significant challenges, including regulatory hurdles, prolonged certification timelines and substantial cash burn whilst pursuing commercialisation milestones.
Archer Aviation shares are facing pressure despite federal support, with the company's momentum score dropping from 14.54 to 7.50 week-on-week, placing it in the bottom 10% of the market for price strength. The stock has declined roughly 29% over the past year. The downturn follows a fourth-quarter earnings report showing an adjusted EBITDA loss of $138 million. JPMorgan analysts warned that Archer may need to raise capital "potentially several times" before achieving positive free cash flow, whilst Needham analysts noted widening losses create "additional capital needs". However, Archer recently secured a position in the Trump administration's eVTOL Integration Pilot Programme, aiming to launch electric air taxis in major hubs by 2026. The stock closed at $6.01 on Thursday.
Archer Aviation Inc. is advancing towards FAA certification for its electric vertical takeoff and landing aircraft, positioning itself in a market Morgan Stanley projects could reach $1.5-2.9 trillion by 2040. The company recently acquired Hawthorne Airport for $126 million to serve as its Los Angeles air taxi network hub, partnering with Palantir Technologies for AI-powered operations. Archer's Midnight aircraft has demonstrated 55-mile flights at 126 miles per hour, carrying four passengers with a 12-propeller safety system. The company has secured over $1 billion in orders, though delivery timelines remain uncertain. Whilst not yet generating revenue, Archer reported a Q3 net loss of $129.9 million on operating expenses of $174.8 million. However, it maintains strong liquidity with approximately $2.3 billion in cash and short-term investments, supporting its high-risk commercialisation efforts.
Archer Aviation is advancing its position in electric air mobility through development of its Midnight eVTOL aircraft, designed for short-distance urban transportation with lower noise and emissions than conventional helicopters. The aircraft is intended to carry multiple passengers on high-frequency routes within urban air mobility networks. The company is expanding manufacturing capabilities and working with aviation authorities on aircraft certification. Archer is also building partnerships with operators and infrastructure providers to support commercial air taxi services. The Zacks Consensus Estimate suggests earnings per share will decline 63.49% in 2026, then grow 7.77% in 2027. The stock trades at a trailing 12-month price-to-book ratio of 1.9X, below the industry average of 7.02X. Competitors include Joby Aviation and Vertical Aerospace, both developing similar eVTOL aircraft for urban transportation.
Archer Aviation, an electric vertical takeoff and landing aircraft developer, has underperformed since going public via SPAC merger in September 2021, with shares falling from $9.90 to around $6. The company has only manufactured two eVTOLs, far below its target of 250 units for 2025, and generated just $0.3 million in revenue against a $618.2 million net loss in 2025. Despite this, Archer holds an indicative backlog of $6 billion with orders for approximately 1,200 aircraft from customers including United Airlines, Japan Airlines, and Ethiopian Airlines. Its Midnight eVTOL carries four passengers plus a pilot and travels up to 100 miles per charge. Analysts forecast revenue of $512.4 million by 2028. However, commercial operations face delays pending FAA approval and regional conflicts affecting planned Abu Dhabi flights.