Market Intelligence

Adam Goldstein, the founder and CEO of Archer Aviation, is proud of becoming the first manufacturer in the eVTOL industry to achieve major milestones in the production and commercial operation of air taxis.
The company has begun construction of a 350,000-square-foot manufacturing facility in Covington, Georgia. It is believed to be the first high-volume manufacturing facility in the eVTOL industry.
“We’re rapidly advancing our high-volume manufacturing capabilities and have a huge head start on the rest of the industry,” he said in a post on Twitter. “In January 2023, we agreed with Stellantis to join forces to ramp manufacturing at this facility and construction is now well underway.”
“We are not aware of any other company in our industry having even selected a site yet for a high-volume manufacturing facility.”
On top of this, he added Archer beat everyone else in announcing “specific point-to-point routes” in New York and Chicago. Goldstein admitted getting to this point was not easy as it required significant coordination with government authorities at the local and state levels.
“Together with United Airlines we are the first in the industry to announce specific point-to-point routes – airport to city center in both New York and Chicago,” Goldstein said.
“Doing this now is important because it takes extensive coordination with state and local government authorities to ready the infrastructure for commercial operations. These things take time which is why we’re getting out ahead of it.”
Last month, Archer completed wind tunnel testing on its Midnight eVTOL aircraft, which it hopes to launch by 2025. Designed to hold up to four passengers, the Midnight is capable of flying 100 miles at speeds of 150 mph.
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