Archer Aviation has secured $850 million in new capital following the Trump administration’s recent executive order creating an eVTOL Integration Pilot Program to accelerate the deployment of electric vertical takeoff and landing (eVTOL) aircraft in the US. This funding brings Archer’s total liquidity to approximately $2 billion, reinforcing its position ahead of its planned electric… Read more »
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Archer Aviation to sell up to 100 electric aircraft to Soracle
Electric airplane manufacturer Archer Aviation has signed an agreement with Soracle, a joint venture of Japan Airlines and global general trading company Sumitomo, to sell up to 100 Midnight aircraft, totaling approximately $500 million. Soracle plans to offer electric air taxi flights in cities with traffic constraints or geographic barriers. Locations could include Tokyo, Osaka,… Read more »
Archer Aviation completes battery pack drop tests in preparation for FAA’s Type Certification Program
California-based eVTOL aircraft developer Archer Aviation recently performed successful battery pack drop tests at a National Institute for Aviation Research lab in advance of similar upcoming for-credit certification tests with the Federal Aviation Administration (FAA). The tests were part of the development program for the electric propulsion system of Archer’s Midnight, a piloted, four-passenger aircraft… Read more »
Archer Aviation and NASA collaborate to advance eVTOL technologies
California-based Archer Aviation, a developer of electric vertical takeoff and landing (eVTOL) aircraft, has a Space Act Agreement with NASA for a joint project that will initially focus on studying high-performance battery cells and safety testing for applications in the fields of advanced air mobility (AAM) and space. NASA aims to test Archer’s battery cell… Read more »
Archer Aviation and Abu Dhabi Investment aim to launch electric air taxi service in UAE
California-headquartered Archer Aviation, a designer and developer of electric vertical takeoff and landing (eVTOL) aircraft, has signed a memorandum of understanding with the Abu Dhabi Investment Office (ADIO), an independent economic development agency of the UAE government, to jointly work toward commencing air taxi operations in Abu Dhabi in 2026. Archer’s goal is to replace… Read more »
Archer Aviation receives $10 million from United Airlines for 100 eVTOL aircraft
Archer Aviation (NYSE: ACHR) has received a $10-million pre-delivery payment from United Airlines for 100 of the company’s initial production electric vertical takeoff and landing (eVTOL) aircraft. This represents a deposit on aircraft which United agreed to purchase in 2021. Archer is developing eVTOL aircraft for use in urban air mobility networks. The company recently… Read more »
New York City’s East 34th Street Heliport plugs into the future with Archer and Joby Aviation
New York City’s East 34th Street Heliport in midtown Manhattan is going electric. The news was revealed when the operator of the heliport, Atlantic Aviation, a fixed-base operator with over 100 locations, and the New York City Economic Development Corporation announced a renewal of the heliport’s five-year lease. The Big Apple will serve as a… Read more »
Archer submits applications to launch eVTOL air taxi trials in multiple US cities under new DOT strategy
Archer Aviation has announced it is partnering with several US cities to submit multiple applications for initial electric vertical takeoff and landing (eVTOL) air taxi operations, as part of the White House’s eVTOL Integration Pilot Program (eIPP). The program is a public-private initiative led by the US Department of Transportation and the Federal Aviation Administration,… Read more »
Archer to acquire storied Los Angeles airport, repurposing it as an electric air taxi hub
Archer Aviation has agreed to acquire the master ground lease for Hawthorne Airport in Los Angeles, California and repurpose it as a strategic air taxi network hub. Hawthorne Airport, also known as Jack Northrop Field, is currently a public-use airport. The name comes from the founder of Northrop Aircraft, Jack Northrop, who founded the company… Read more »
Korean Air orders up to 100 Archer Midnight eVTOL Aircraft
Korean Air has placed an order for up to 100 of electric plane manufacturer Archer Aviation’s Midnight electric vertical take-off and landing (eVTOL) aircraft. The deal comes after South Korea’s Ministry of Land, Infrastructure, and Transport announced in 2022 that eVTOL and urban air mobility adoption would be a priority for the Korean government. The… Read more »