Archer Aviation Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- Adam D. Goldstein
- Full Time Employees
- 1,160
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 190 West Tasman Drive San Jose CA United States of America 95134
- IPO Date
- Dec 18, 2020
- CIK
- 0001824502
- Website
- archer.com
- Similar Companies
- Business
- Archer Aviation Inc. designs, develops, and manufactures electric vertical takeoff and landing (eVTOL) aircraft primarily for urban air mobility (UAM) applications. Its core product is the Midnight eVTOL aircraft, a fully electric, five-seat vehicle capable of carrying four passengers plus a pilot, designed for rapid consecutive short-distance urban flights of approximately 20 miles with minimal charge time between trips. Archer also plans to operate an integrated urban air mobility network that includes app-based booking for air taxi services between city vertiports, alongside offering maintenance, repair, and overhaul (MRO) services, and developing aircraft charging infrastructure. The company serves both commercial and defense markets and operates primarily in the United States with plans for international expansion. Founded in 2018, Archer is headquartered in San Jose, California. Recent major developments include a strategic manufacturing partnership with Stellantis, providing production scale expertise, and a significant conditional order from United Airlines for up to 200 Midnight aircraft with options for additional units. In 2024, Archer obtained FAA Part 135 and Part 145 certifications, received a Special Airworthiness Certificate for Midnight in 2023, and began final assembly of production-conforming aircraft. The company also expanded partnerships including a new exclusive collaboration with Karem Aircraft to integrate military-grade tiltrotor technology for next-generation dual-use VTOL aircraft, and supplied proprietary electric powertrain technology to defense companies Anduril Industries and EDGE Group. Additionally, Archer announced plans to develop an air taxi network in Miami, partnering with local real estate and innovation district entities for infrastructure development. Archer’s operations focus on the final phases of FAA certification, scaling manufacturing capabilities, and commercial launch preparation. It is establishing supply chains and infrastructure critical for urban air mobility, aiming to provide a safe, sustainable, quiet, and efficient transportation alternative compatible with congested city environments. Archer’s strategy leverages in-house design and software development coupled with strategic partnerships to scale production and facilitate market entry. The company has secured substantial pre-orders and funding, positioning itself as a leading innovator in sustainable urban transportation technologies. Archer Aviation Inc. is publicly traded on the New York Stock Exchange under ticker ACHR. Its leadership includes co-founder and CEO Adam Goldstein, with corporate offices in San Jose, California. This description synthesizes the company’s core products, market focus, geographic reach, and latest strategic initiatives through 2025.
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