Archer Aviation gets another big order for its futuristic air taxis [Verge, The]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Verge, The
Share this story Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered aircraft to Soracle, a joint venture between Japan Airlines and Sumitomo Corporation, in a deal valued approximately at $500 million. Archer says that Soracle plans on deploying its aircraft — which look like a cross between a drone and a helicopter — “in cities where existing ground transportation is constrained by traffic or geographic barriers,” the company said. Still, Archer will need to achieve “certain milestones in advanced aircraft delivery” before Soracle approves pre-delivery payments. “in cities where existing ground transportation is constrained by traffic or geographic barriers” The deal is the latest to buoy Archer's prospects of launching commercial air taxi services in cities across the world, which is says it plans on doing in the years to come. Midnight is
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ACHR
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- ACHR's page on the SEC website