California-based Archer Aviation’s mission is to "unlock the skies, freeing us to reimagine how we live and spend time." The company's fully electric 'Maker' eVTOL aircraft is designed to move people throughout world's cities in a quick, safe, quiet, sustainable, and cost-effective manner; at speeds up to 150 mph for a flight range of 60 miles. The company is now trading publicly on the NYSE, and is based in Palo Alto. Notably, Archer's partnership with United Airlines has made it one the first eVTOL companies in the world to receive a firm pre-purchase order from a major Airline.
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 a 100-aircraft commercial order from United Airlines values the company at $3.8 billion.