Archer (OTCMKTS:ARHVF) is a technology company focused on the design and development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company aims to launch air taxi services that reduce travel time and emissions in densely populated areas. Archer’s core offering centers on fully electric, piloted aircraft designed to carry passengers on short-haul routes, leveraging advanced battery systems, electric propulsion, and composite structures.
Among Archer’s key projects are “Maker,” a two-seat piloted prototype used for flight testing and certification work, and “Midnight,” a four-passenger production model slated for commercial service. To support its manufacturing roadmap, Archer has formed strategic partnerships with companies such as Stellantis for battery module production and United Airlines, which has placed a conditional order for a fleet of Midnight aircraft. The company maintains a production facility in Florida and operates engineering and testing sites in California.
Founded in 2018 by Brett Adcock and Adam Goldstein, Archer completed a business combination with a special-purpose acquisition company in 2021. Headquartered in Palo Alto, California, the company is led by CEO Michael Thacker, who brings experience from aerospace and technology sectors. Archer’s executive team includes veterans of aerospace design, battery development, and regulatory certification, positioning the firm to pursue Federal Aviation Administration and European Union Aviation Safety Agency approvals.
Archer is initially targeting major U.S. metropolitan markets such as Los Angeles and Miami for its first commercial routes, with plans to expand internationally over time. The company is also participating in industry consortia to develop vertiport infrastructure standards and working with city planners to integrate eVTOL operations into existing transportation networks. Through ongoing flight testing and regulatory engagement, Archer aims to commence scheduled passenger service by the mid-2020s, ushering in a new era of sustainable urban mobility.
