Archer Aviation Inc. (NYSE: ACHR)

Archer Aviation Inc., a company with the ticker symbol ACHR, operates in the electric vertical takeoff and landing (eVTOL) aircraft industry. Its mission is to revolutionize urban air mobility (UAM) networks, enabling everyone to reimagine how they move and spend their time.

Archer's primary business activities revolve around designing, developing, and manufacturing eVTOL aircraft for UAM networks. The company's production aircraft, Midnight, boasts a unique 12-tilt-6 aircraft configuration, featuring 12 propellers attached to six booms on a fixed wing. This design allows for vertical lift during takeoff and landing, as well as propulsion during forward flight. Archer's operations span across the United States, with production facilities in San Jose, California, and Covington, Georgia.

Archer generates revenue through two primary lines of business: Archer UAM and Archer Direct. Archer UAM is a direct-to-consumer aerial ride-sharing service that will operate its own UAM ecosystem in select major cities. This service will offer rides to consumers through an app-based platform, providing a convenient and efficient way to travel. Archer Direct, on the other hand, involves the sale of eVTOL aircraft to other operators, catering to the commercial air mobility market.

Archer's position within the industry is robust, bolstered by key partnerships with Stellantis N.V. and United Airlines Inc. Stellantis is working with Archer to establish its manufacturing facility in Covington, Georgia, and has invested in the company. United Airlines has also invested in Archer and has committed to purchasing up to $1.5 billion worth of eVTOL aircraft. Archer's primary competitors include other eVTOL manufacturers and UAM service providers, as well as existing incumbent aircraft and helicopter charter services.

Archer's eVTOL aircraft, Midnight, is designed to be safe, sustainable, and quiet. The all-electric aircraft produces zero operating emissions, powered by high-energy batteries and high-performance electric motors. The company is committed to sourcing renewable energy to power its aircraft.

Archer's manufacturing operations focus on developing the necessary infrastructure to produce Midnight reliably, at scale, and in a cost-effective manner. The company's intellectual property is protected through various means, including trademark registrations, service mark registrations, and patent applications.