Articles for tag eVTOL
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Jul
17
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
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Tags:
Archer
eVTOL
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Press Releases
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Jul
03
2024
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Posted by Admin
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AMSTERDAM and SANTA CLARA, CA, July 2, 2024 – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.
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Tags:
Archer
eVTOL
Stellantis
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Press Releases
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Jun
20
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- (NYSE: ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area - South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with flights that take ~10-20 minutes. To anchor the network, Kilroy Realty Corporation (NYSE: KRC, “Kilroy”), a leading U.S. landlord and developer with an 18 million square foot operating and development portfolio, recently signed a memorandum of understanding (MOU) with Archer identifying Kilroy Oyster Point – a 50-acre waterfront campus in South San Francisco – as a critical hub in Archer’s planned San Francisco Bay Area UAM network.
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Tags:
Archer
Bay Area
eVTOL
LIVERMORE
Napa
Oakland
San Francisco
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Press Releases
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Jun
18
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, and Signature Aviation, the world's largest network of private aviation terminals, today announced the signing of an MOU focused on electrifying Signature’s industry-leading network of over 200 airport terminals, giving Archer access to takeoff and landing sites in major metropolitan areas across the U.S. and globally, including New York, Los Angeles, San Francisco Bay Area, and Texas. The MOU identifies day-one opportunities for launching Archer’s air taxi service in key United Airlines hubs at Newark International (EWR) and Chicago O’Hare (ORD) Airports.
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Tags:
Archer Aviation
eVTOL
Categories:
Press Releases
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Jun
05
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced its subsidiary, Archer Air, has received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA). This certificate allows Archer to begin operating aircraft commercially to refine its systems and procedures in advance of launching Midnight into service for airlines like United Airlines when it receives Midnight’s Type Certification. Receiving the Part 135 certificate signals that Archer Air has developed, and demonstrated to the FAA its adherence to, the necessary policies and procedures to begin operating aircraft commercially in accordance with the stringent safety and operational standards set forth by the FAA. Today’s achievement is another key step that demonstrates Archer’s work with the FAA continues to gain momentum as Archer is now one of two air taxi manufacturers in the world to have announced receipt of a Part 135 certificate from the FAA.
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Tags:
Archer Aviation
eVTOL
Categories:
Press Releases
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May
30
2024
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Posted by Admin
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SEOUL, South Korea--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR), a leader in eVTOL aircraft, and KakaoMobility, Korea’s leading mobility as a service (MaaS) platform service company, signed an agreement to partner for joint participation in the K-UAM Grand Challenge and covers the planned purchase by KakaoMobility of up to 50 of Archer’s Midnight eVTOL aircraft worth up to an approximate value of $250M, including pre-delivery payments.
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Tags:
Archer Aviation
eVTOL
KakaoMobility
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Press Releases
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May
23
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. (NYSE: ACHR) a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced the FAA issued for public inspection the final airworthiness criteria for Archer’s Midnight aircraft. This significant regulatory milestone provides the solidified path for Archer to achieve Type Certification for Midnight. Archer is one of two companies in the world to achieve this certification progress with the FAA for an eVTOL aircraft.
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Tags:
Archer
eVTOL
Categories:
Press Releases
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May
09
2024
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Posted by Admin
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Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced it has completed the build out of its high-volume battery pack manufacturing line. This facility is housed at Archer’s Integrated Test Lab and Manufacturing Facilities in San Jose, CA and will have the throughput necessary to support the planned high volume aircraft production ramp at Archer’s manufacturing facility in Georgia that remains on track to be completed later this year.
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Tags:
Archer
eVTOL
Categories:
Press Releases
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Apr
25
2024
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Posted by Admin
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced the signing of a framework agreement in Abu Dhabi today at the DRIFTx mobility event, held at the Yas Marina Circuit showcasing the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector. This agreement covers multi-hundred-million dollar investments to accelerate Archer’s planned commercial air taxi operations in the UAE, slated to launch as soon as next year, including in-country manufacturing, operations and training across the region. This comprehensive agreement positions Abu Dhabi as one of the world’s leaders in promoting urban air mobility, with plans to commence air taxi operations with Archer’s Midnight aircraft as soon as next year.
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Tags:
Abu Dhabi
Archer Aviation
eVTOL
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Press Releases
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Mar
28
2024
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Posted by Admin
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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (“eVTOL”) aircraft, today announced the successful completion of rigorous battery pack drop testing conducted at a National Institute for Aviation Research lab. This marks a significant milestone in the development of the company’s proprietary electric propulsion system for its Midnight aircraft in what is seen as one of the most difficult tests to pass for an eVTOL aircraft, putting Archer in a strong position to successfully complete this same test in upcoming for-credit testing with the FAA.
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Tags:
Archer
eVTOL
Categories:
Press Releases