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archer.com

Founded Year

2020

Stage

Reverse Merger | IPO

About Archer

Archer (NYSE:ACHR) is an aerospace company building an all-electric vertical takeoff and landing aircraft focused on improving mobility in cities.

Archer Headquarter Location

San Francisco, California,

United States

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Latest Archer News

United Airlines orders 100 electric air taxis from Archer

Aug 11, 2022

Share United Airlines has paid a $10 million cash deposit to Santa Clara, California-based Archer Aviation for 100 of the company’s electric vertical aircraft. United had agreed to the purchase of the air taxis in 2021. Archer CEO Adam Goldstein calls the payment a “milestone” in Archer’s partnership with United Airlines. United’s cash deposit signals confidence in Archer’s roadmap to commercialization, as the companies “usher in this new era in air travel,” Goldstein says. Michael Leskinen, president of United Airlines Ventures , United’s investing arm, says the payment demonstrates its “commitment to eVTOL (electric vertical takeoff and landing) technology.” Get a dose of digital travel in your inbox each day Subscribe to our newsletter below Submit Consumers, businesses and policymakers are aligned on prioritizing climate-friendly technology, according to Leskinen. He says United Airlines Ventures invests in companies working toward United’s goal of achieving carbon neutrality by 2050, without the use of traditional carbon offsets. Electric air taxis “have the potential to both help achieve carbon-neutral travel and serve as an innovative new tool to change how United customers experience comfort, convenience and efficiency during their commutes within cities across the globe,” Leskinen says. Archer recently completed its preliminary design review of the aircraft and has advanced to the development and commercialization stage. The meticulous review focused on manufacturing requirements and regulatory compliance and ensuring the product was viable to bring to market, according to Archer. Regulators haven’t approved the aircraft to fly passengers, according to a Wall Street Journal report. United’s cash deposit follows the formation of a joint eVTOL advisory committee with Archer. Committee members include Archer’s operations and maintenance leadership and leadership from United’s maintenance, materials and engineering groups.

Archer Web Traffic

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Archer Rank

  • When was Archer founded?

    Archer was founded in 2020.

  • Where is Archer's headquarters?

    Archer's headquarters is located at San Francisco.

  • What is Archer's latest funding round?

    Archer's latest funding round is Reverse Merger.

  • Who are the investors of Archer?

    Investors of Archer include Atlas Crest Investment and Marc Lore.

  • Who are Archer's competitors?

    Competitors of Archer include CyberSaint Security and 3 more.

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