California-based Archer Aviation’s mission is to advance the benefits of sustainable air mobility. Archer is creating the world’s first electric airline that moves people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. As the world’s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer's team is based in Palo Alto, CA.
Stage of Development
Company Name: Archer Aviation, a California-based corporation.
Headquarters: Palo Alto, California
CEO: Brett Adcock and Adam Goldstein
Product Name: Maker (demonstrator prototype)
Type of Machine: Air taxi
Capacity: Designed for two passengers.
Wingspan: 40 ft
Vertical take-off and landing: The Maker is a two-seater autonomous fixed-wing eVTOL aircraft that can reach speeds of up to 150 mph, powered by 12 total rotors — 6 larger tilt rotors for lift on takeoff and thrust in forward flight, and 6 smaller rotors that are only used during VTOL flight
Fixed wing flight: n/a
Range: 60 miles in cruise.
Speed: 150 miles per hour
Regulation: Maker currently has plans for FAA certification as it will initially see use mainly in the United States.
Funding: Archer’s recently announced merger with Atlas Crest Investment Corporation (NYSE: ACIC) and commercial order from United Airlines values the company at $3.8 billion
Our Take on Maker
Archer adds on to their increasing momentum with the reveal of the Maker. With their recent merger with Atlas Crest Investment Corporation as well as United Airlines’ large-scale order, Archer Aviation is in an excellent financial standing in preparation for their expected commercial launch in 2024.