 | |
| Company type | Public |
|---|---|
| ISIN | US03945R1023 |
| Industry | Aviation |
| Founded | 16 October 2018; 7 years ago (2018-10-16) |
| Founders | |
| Headquarters | San Jose, California, U.S. |
Area served | Worldwide |
Key people | Adam Goldstein (CEO), Tom Muniz (COO), Geoff Bower (CFO) |
| Products | Electric aircraft, Electric Air Taxi, Electric Vertical Takeoff And Landing Aircraft |
| Revenue | $0 million (2023) |
 -$317.3 million (2023) | |
| Total assets |  $578.3 million (2023) |
| Total equity | $493.3 million (2023) |
Number of employees | 900 (2025) |
| Website | archer |
Archer Aviation Inc. is a publicly traded company headquartered inSan Jose, California, which is developingeVTOL aircraft.[1][2][3]
Its eVTOL aircraft is designed to allow airline operators to transport people in and around cities in anair taxi service and are claimed to have a range of up to 100 miles (160 km) at speeds of up to 150 miles per hour (240 km/h).[4][5][6][7][8]United Airlines is its first major corporate partner, having ordered two hundred Archer electric aircraft.[9][10][11]
Maker, Archer's full size demonstrator aircraft, was unveiled on June 10, 2021, at an event inLos Angeles, California. Maker was a fully electric vertical takeoff and landing aircraft with 12 electric propellers:[12] six tilt-props (each with five blades) for forward and VTOL flight and six aft propellers that are stationary (each propeller with two blades) for VTOL-only flight. The aircraft is powered by six independent battery packs.[10][13][14][15][16][17] In November 2021, Archer moved Maker from its headquarters to its flight test facility to start initial test flights.[18] Maker also received its airworthiness certificate to start flight test operations from the FAA in December 2021.[19] Archer completed its first flight in December 2021.[20][21][22]
Archer's aerial ridesharing service, also referred to asUrban Air Mobility (UAM), has been pushed back one year to 2025 and is planned to begin operations inMiami,Florida andLos Angeles,California.[23][24][25] Archer is working with Urban Movement Labs and theLos Angeles Department of Transportation to help build the necessary infrastructure and service routes.[5] It is also working with the City ofMiami on similar plans.[23]
Midnight is Archer’s planned production aircraft. The aircraft was unveiled on November 17, 2022 at an event in Palo Alto, California. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights. Midnight has 12 propellers: six tilt props in the front of the wing for forward and VTOL flight and six aft propellers that are stationary for VTOL flight only. Midnight is designed to travel at up to 150 mph (240 km/h) with a maximum range of 100 miles (161 km). The aircraft is powered by six independent battery packs. On June 12, 2024, Midnight completed its first transition flight. Archer flew over 400 test flights in 2024.[26][27][28]
The Midnight aircraft’s first test flight outside the United States took place in July 2025 at Al Bateen Executive Airport inAbu Dhabi, where it was evaluated under local environmental conditions as part of preparations for regional certification.[29]
Archer was founded on October 16, 2018, byAdam Goldstein andBrett Adcock to developelectric vertical takeoff and landing aircraft.[30][17] The company was originally started by Goldstein and Adcock and privately funded.[31][17][32][33][34] Later,Marc Lore, aWalmart executive, also supported its launch.[35]
In 2022, Adcock departed from both the leadership team and the board.[36][37] Goldstein is currently the sole CEO and Chairman of the Board of Directors of the company.[38][39]
Initially, Archer worked on developing aircraft with theHerbert Wertheim College of Engineering at theUniversity of Florida; Goldstein and Adcock are both alumni.[40] Archer now operates a research lab on theUniversity of Florida's campus inGainesville, Florida, which was funded by Goldstein and Adcock.[40]
In August 2022,United Airlines paid Archer a $10 million deposit for 100 electric flying taxis.[41] On November 10, 2022, Archer and United Airlines announced plans for the first electric air taxi route in the US, with an initial route betweenNewark Liberty International Airport and the Downtown Manhattan Heliport. Archer became an IPO (ACHR)on September 20, 2021.
On November 17, 2022, Archer unveiled details of its production vehicle dubbed "Midnight".[42] The aircraft is a piloted, four-passenger air taxi the company said will enter flight testing by the second quarter of 2023 and service by 2025. It is designed to carry passengers on short trips of around 20 miles (32 km) between airports and downtown city centers.[43]
In November 2022, Archer unveiled its Midnight production aircraft, an electric vertical takeoff and landing (eVTOL) aircraft that can carry four passengers and a pilot. It is designed to be optimized for back-to-back 20-mile trips, with a payload of over 1,000 pounds. Midnight is the evolution of Archer's previous aircraft, Maker, and is expected to be certified by the FAA in late 2024.[44]
Archer announced its Maker prototype had achieved full transition from vertical to horizontal flight on November 29, 2022. This milestone was said to be an important validation step for theflight control systems and aircraft architecture that is also applicable to its Midnight production aircraft.[45]
In January 2023, Archer announced a partnership in whichStellantis, a multinational automobile manufacturer, would provide up to $150 million in equity capital to support Archer's growth and to collaborate on the development and production of Archer'seVTOL aircraft for urban air mobility. The purpose of the partnership solidifies Stellantis as Archer's exclusive contract manufacturer for mass production of itseVTOL aircraft.[46]
In March 2023, Archer and United Airlines announced plans for an electric air taxi route betweenO'Hare International Airport and Vertiport Chicago on the city'snear west side.[47]
On June 5, 2024 Archer received its Part 135 Air Carrier and Operator Certificate from theFederal Aviation Administration (FAA).[48]
In July 2024, Archer and Southwest Airlines established an agreement to develop operational concepts for air taxi networks.[49]
On Feb, 2025 Archer Aviation received its Part 141 certification from theFederal Aviation Administration (FAA), enabling the company to establish its pilot training academy.[50]
In June 2025, at theParis Air Show, Archer Aviation and Dubai-basedJetex signed an agreement to collaborate on developing eVTOL facilities, starting in theUnited Arab Emirates at the Jetex Abu Dhabi private terminal. The partnership, signed by Archer CEO Adam Goldstein and Jetex Founder & CEOAdel Mardini, will see Jetex provide access to its network of private terminals to support the launch of Archer’s Midnight air taxi services in the region.[51][52][53]
In Jul 2025, Archer Aviation’s Midnight eVTOL aircraft conducted its first test flight outside the United States atAl Bateen Executive Airport inAbu Dhabi. The flight tested performance under UAE-specific conditions—such as high heat, humidity, and dust—and marked a major milestone in advancing Archer’s planned urban air mobility operations in the region. It was supported by the Smart and Autonomous Systems Council (SASC) and observed by senior officials from the UAEGeneral Civil Aviation Authority and related aviation authorities.[29]
In November 2025, Archer acquiredHawthorne Municipal Airport inLos Angeles for US$126 million for use by its EVTOL craft.[54][55]