Where Will Archer Aviation Be in 1 Year?
Archer Aviation (NYSE: ACHR) is developing electric vertical and takeoff landing aircraft (eVTOL), which could potentially transform urban transportation as we know it. These vehicles, also known as flying taxis, are possible because of modern battery technology and have attracted investments from companies like Boeing, United Airlines, and Stellantis.
While this technology is exciting, there are some hurdles Archer Aviation must overcome to reach commercial operations. If you're considering investing in Archer Aviation today, here's what you can expect over the next year.
eVTOLs are flying vehicles that take off, land, and hover vertically like a helicopter. These vehicles, straight out of science fiction, are possible because of the evolution of battery technology that powers electric cars today. eVTOLs use electric motors for an emissions-free, more efficient means of transportation that is significantly quieter than helicopters.
Source Fool.com
