Archer Aviation Inc.

Archer Aviation Inc. is one of the leading players in the urban air mobility space. The company designs, develops, manufactures, and operates electric vertical takeoff and landing (eVTOL) aircrafts to carry passengers. It was founded by Brett Adcock and Adam Goldstein, two engineers and aerospace entrepreneurs. They have been working on developing and building aircrafts since 2012.

Archer Aviation Inc. envisions a future of urban air mobility that is not only safe, reliable, and accessible but also efficient, sustainable, and affordable. The company is working towards reducing the operational costs of transportation and providing more efficient travel options for short-range trips. Through revolutionary aircraft designs, the company is striving to create a multi-modal transportation system that will make getting around cities easier and more convenient for everyone.

In late 2020, Archer Aviation Inc. announced that it had raised $1.1 billion in its latest funding round, making it the world’s richest-funded eVTOL company. The company’s funding has come from several big-name investors such as Daimler, GV (formerly Google Ventures), and others, and has given the company a valuation of $3.8 billion. Archer Aviation Inc. plans to use its new funds to continue to advance its technology and development, as well as to accelerate plans to become the world’s first commercial eVTOL operator.

Archer Aviation Inc. aims to start operations with their eVTOL aircraft in 2021, proving the potential of greener, faster and more efficient urban air mobility. They recently announced that they have secured the world’s first-ever federal regulatory approval for an all-electric, multi-passenger eVTOL aircraft. The approval was given by the Federal Aviation Administration (FAA) in the U.S. and the Transport Canada Civil Aviation (TCCA) in Canada. It is a significant milestone for the company and allows them to conduct flight operations with their electric vertical takeoff and landing aircrafts.

The company is currently testing its aircrafts in various locations in the United States, including Ventura County, California, and New Jersey. Archer Aviation Inc. is also working on creating an entirely new urban air-traffic-control system to support its urban air transportation operations. The company is aiming to establish a safe and reliable air transportation system that is more efficient and comfortable than other forms of transportation. They are also working closely with the FAA to ensure that their operations adhere to the highest safety standards. Furthermore, the company is aiming to make their eVTOL aircrafts more accessible through partnerships with public and private entities, as well as through their own eVTOL Air Network.

Overall, Archer Aviation Inc. is revolutionizing urban air mobility and ensuring a bright future for electric vertical takeoff and landing aircrafts. Through its innovative aircraft designs, partnerships, and investments, the company is striving to create an efficient, sustainable, and affordable air transportation system. Furthermore, by securing regulatory approvals and partnerships with public and private entities, Archer Aviation Inc. is aiming to create a safe and reliable infrastructure for their operations. By doing all of this, the company is showing its commitment to creating a greener, faster, and more efficient urban air transportation system.