Archer Aviation
Public eVTOL/advanced air mobility company developing the Midnight aircraft for commercial air taxi use and, via its Archer Defense program, hybrid-electric VTOL aircraft for the U.S. military.
Archer Aviation was founded in 2018 by Brett Adcock and Adam Goldstein, going public via SPAC merger with Atlas Crest Investment Corp in September 2021 (NYSE: ACHR). Its commercial product is Midnight, a piloted eVTOL air taxi; United Airlines holds a conditional purchase agreement worth up to $1.5B, and Stellantis is a manufacturing partner and major shareholder building a production facility in Georgia. Archer's DoD relationship began in 2021 via the Air Force's AFWERX Agility Prime program, expanding in 2023 into a $142M Air Force contract for up to six Midnight aircraft and a $110M USSOCOM SBIR Phase III sole-source IDIQ (Midnight Based Advanced Vertical Lift). In December 2024 Archer announced an exclusive partnership with Anduril Industries — branded Archer Defense — to jointly develop hybrid-electric VTOL aircraft targeting a DoD program of record, raising $430M from Stellantis, United Airlines, Wellington Management, and 2PointZero alongside the announcement. In August 2025 Archer acquired a tiltrotor patent portfolio and engineering talent from Overair, plus composite-manufacturing assets and a ~60,000 sq ft facility from Mission Critical Composites, to build defense-aircraft fabrication in-house. It has also partnered with Anduril, Skyports, and AtkinsRéalis in the UK to test cargo/dual-use Midnight variants. In July 2026 the Archer Defense partnership's first product, Thunder, was unveiled at Farnborough as a Group 5 autonomous attack rotorcraft.
Overview
- Headquarters
- San Jose, CA
- Founded
- 2018
- Employees
- Undisclosed
- Total funding
- $1.1B (2021 SPAC) + $1.58B in post-IPO raises (2024-2025)
- Stage
- Public (NYSE: ACHR)
- Status
- public
- Domains
- Advanced air mobility, eVTOL, Defense aviation
- Website
- archer.com
Founders2
Investors0
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Cap table0
Approximate ownership by holder. Indexed holders link to their records.
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Contracts0
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Programs0
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Frequently asked
- What does Archer Aviation do?
- Archer Aviation was founded in 2018 by Brett Adcock and Adam Goldstein, going public via SPAC merger with Atlas Crest Investment Corp in September 2021 (NYSE: ACHR). Its commercial product is Midnight, a piloted eVTOL air taxi; United Airlines holds a conditional purchase agreement worth up to $1.5B, and Stellantis is a manufacturing partner and major shareholder building a production facility in Georgia. Archer's DoD relationship began in 2021 via the Air Force's AFWERX Agility Prime program, expanding in 2023 into a $142M Air Force contract for up to six Midnight aircraft and a $110M USSOCOM SBIR Phase III sole-source IDIQ (Midnight Based Advanced Vertical Lift). In December 2024 Archer announced an exclusive partnership with Anduril Industries — branded Archer Defense — to jointly develop hybrid-electric VTOL aircraft targeting a DoD program of record, raising $430M from Stellantis, United Airlines, Wellington Management, and 2PointZero alongside the announcement. In August 2025 Archer acquired a tiltrotor patent portfolio and engineering talent from Overair, plus composite-manufacturing assets and a ~60,000 sq ft facility from Mission Critical Composites, to build defense-aircraft fabrication in-house. It has also partnered with Anduril, Skyports, and AtkinsRéalis in the UK to test cargo/dual-use Midnight variants. In July 2026 the Archer Defense partnership's first product, Thunder, was unveiled at Farnborough as a Group 5 autonomous attack rotorcraft.
- Where is Archer Aviation headquartered?
- Archer Aviation is headquartered in San Jose, CA and was founded in 2018.
- How much funding has Archer Aviation raised?
- Archer Aviation has raised $1.1B (2021 SPAC) + $1.58B in post-IPO raises (2024-2025) in disclosed funding.
- What does Archer Aviation specialize in?
- Archer Aviation works across Advanced air mobility, eVTOL, Defense aviation.
Sources & citations7
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