Archer Aviation

ACHR

Defense

Small Caps

Stocks Under $10

Country

US

Industry

Industrials

Market Cap

Small Cap

Num. Employees

390

IPO Date

Oct 28, 2020

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ACHR

Country

US

Industry

Industrials

Defense

Small Caps

+1

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Archer Aviation, Inc. engages in the development of electric vertical take-off and landing (eVTOL) aircraft. The company is headquartered in San Jose, California and currently employs 390 full-time employees. The company went IPO on 2020-10-28. The firm is focused on designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility (UAM) networks. Its eVTOL aircraft are designed to be safe, sustainable, and quiet. The Company’s production aircraft, Midnight is designed around its proprietary 12-tilt-6 aircraft configuration. Midnight is designed to carry four passengers plus a pilot up to 100 miles at speeds up to 150 miles per hour, but is optimized for back-to-back short distance trips of around 20-miles, with a charging time of approximately 10 minutes between trips. The company intends to operate two lines of business: Archer UAM and Archer Direct. The company operates its own UAM ecosystem in United States cities. The Company’s UAM ecosystem operates using its eVTOL aircraft which is in development. The company also sells its eVTOL aircraft to third parties.