Reported 2 days ago
Archer Aviation, a frontrunner in the flying taxi sector, is set to launch its electric vertical takeoff and landing vehicles (eVTOLs) in the UAE this year, having completed its manufacturing facility in Georgia. The company aims to expand to major U.S. cities like New York and Los Angeles, utilizing existing helicopter infrastructure to reduce travel times to airports. While it anticipates significant revenue growth by 2028, there are challenges, including the need for regulatory certifications and securing partnerships. Investors are advised to approach with caution, as the company is still in its early development stage.
Source: YAHOO