Archer Aviation, a company focused on developing electric vertical take-off and landing (eVTOL) aircraft, recently experienced a significant stock decline after announcing an increase in the number of available shares and alterations to its corporate bylaws. This report delves into the key factors behind the market reaction, assesses the implications for stakeholders, and provides an evaluation of the company’s strategic outlook.
23
Aug
Aug
On 26 June, the world witnessed a leap into the future when the Chinese automotive giant, GAC, pulled the curtains off its latest innovation: the GOVE. This isn’t just another electric vehicle; it’s a harmonious blend of drone and car.
09
Apr
Apr
The German-based eVTOL manufacturing pioneer, Volocopter, has recently been granted a license to produce and assemble cutting-edge air taxis. Production is set to commence in April, with Italy being the first country to welcome this revolutionary mode of transportation, followed by Paris, Singapore, and the future city of NEOM.
07
Jan
Jan
The goal is to have the Midnight, a local take-off and landing vehicle designed for use in urban transportation, ready for production by 2024. Stellantis and Archer Aviation are partnering to bring the Midnight to market and potentially launch the new taxi service in New York in 2025.
28
Dec
Dec
Electric vertical take-off and landing (eVTOL) air taxi services are expected to be available to passengers in the near future, with companies such as Archer already working on the final version of the Midnight air taxi.
22
Apr
Apr
A US airline will transport passengers in flying electric taxis.
United Airlines is planning to buy 200 air taxis, which it hopes will transport passengers to the airport over the next five years. One of the largest US airlines is among the first major carriers to commit to buying air taxis. United Airlines is also investing $1.1 billion as a stake in the Archer air taxi company to develop their fleet.
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