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Archer Aviation
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Short description

Developer of a vertical takeoff and landing (VTOL) aircraft

Founded in 2020
Founded in

Company type Public Public (ACHR)
Company type

Industry Group transportation & logistics

Sector aviation

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters San Francisco, CA San Francisco, United States
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Updated by Cleantech Group on 01/02/2025

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Date Company
08/10/2022

United Airlines United Airlines

United Airlines puts down a deposit for 200 flying taxis.

Confirmed by United Airlines

Partnerships
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Date Partner Type
07/12/2024
Southwest Airlines Southwest Airlines
MoU to build network of electric air taxis for airports across California, giving archer access to Southwest customer base and transport data
View source    
Confirmed by Southwest Airlines
Development Partner
Investment Rounds
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IPO INFORMATION

Date

09/17/2021

IPO status

Listed

IPO Type

SPAC

Amount

$1.1B

Initial shares

Ticker symbol

ACHR

Exchange listed

NYSE

Prospectus URL

Prospectus

Source URL

Source

Description

Archer Begins Trading on the New York Stock Exchange Under the Symbol “ACHR”.

Date Investors Type Amount
12/13/2024 Stellantis Stellantis , United Airlines United Airlines , Wellington Management Wellington Management , 2PointZero 2PointZero (4)
Post-money valuation of
Funding will support development of defense aircraft.
PIPE $430,000,000
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