Archer Aviation, the California-based eVTOL manufacturer, began trading on the New York Stock Exchange (NYSE) on Sept. 17, a day after Atlas Crest Investment Corp. announced the completion of the SPAC merger with Archer.
Actor, director and activist Christopher Reeve said in a 1996 speech, “So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable.”
On June 10, Archer Aviation unveiled its two-seat Maker electric vertical takeoff and landing (eVTOL) demonstrator during a special effects show at Hawthorne Municipal Airport in Los Angeles County, California.
Electric vertical takeoff and landing (eVTOL) aircraft developer Archer Aviation announced an agreement on Jan. 12 with Fiat Chrysler Automobiles — which has now merged with the French car company Groupe PSA (Peugeot) to form Stellantis — for the startup to benefit from the automaker’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience.
A year after the electric vertical takeoff and landing (eVTOL) aircraft industry saw its first start-up valued at more than $1B (see “The First Electric VTOL Unicorn: Joby Aviation,” Vertiflite, March/April 2020), a growing number of companies across the advanced air mobility (AAM) industry are looking to merge with a Special Purpose Acquisition Company (SPAC) that is already publicly traded to raise the funds necessary to bankroll future growth.
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