Data Engineer
ArcherSalary not specified
- Full Time
- Mid-level (3 to 4 years)
About Archer
Archer designs and develops electric vertical takeoff and landing (eVTOL) aircraft aimed at transforming urban transportation. Their aircraft operate by taking off and landing vertically, which allows them to navigate congested city environments efficiently. Archer targets urban commuters, city planners, and transportation networks, offering eco-friendly solutions to improve urban mobility. Unlike traditional transportation methods, Archer's eVTOLs provide a sustainable alternative that reduces environmental impact. The company generates revenue through the sale of its aircraft and may also offer air taxi services in the future. Archer's goal is to lead the shift towards sustainable air mobility, making urban commuting more efficient and environmentally friendly.
Palo Alto, CaliforniaHeadquarters
2020Year Founded
$637.8MTotal Funding
IPOCompany Stage
Automotive & TransportationIndustries
1,001-5,000Employees
Benefits
Performance Bonus
Risks
Regulatory challenges from FAA and DOT may delay operational plans.
Increased competition from companies like Joby Aviation could impact market share.
Reliance on strategic partnerships poses risks if expectations are not met.
Differentiation
Archer focuses on sustainable urban air mobility with all-electric eVTOL aircraft.
The company targets urban commuters with eco-friendly, time-saving air taxi services.
Archer's strategic partnerships enhance its market reach and operational capabilities.
Upsides
Archer secured $430M funding, strengthening its financial position for growth.
FAA approval for LA air taxi services positions Archer for urban mobility leadership.
Planned LA air mobility network could significantly reduce commuter travel times.
Funding
Total raised$637.82 M
Latest valuation$3.30 B
StageIPO
POST IPO EQUITY
11/30/2024$430
POST IPO DEBT
7/31/2024$230
SPAC IPO
8/31/2021$500
$3.30 BSPAC PRIVATE PLACEMENT
8/31/2021$600
$3.30 BSERIES A
6/30/2020$56
$278.50 M