The latest eVTOL firm to go public, Archer Aviation Inc (NYSE:ACHR) is an urban air mobility company involved in the design, manufacture, and operation of passenger-carrying, electric vertical takeoff and landing aircrafts. Management indicate the strategy is to accelerate the benefits of sustainable air mobility. To that end, the firm is building an all-electric vertical takeoff and landing aircraft focused on improving mobility in cities. The vehicle can carry four passengers for 60 miles at speeds of up to 150mph while producing minimal noise.
