Archer Aviation CEO talks electric air taxi infrastructure

Archer Aviation (ACHR) announced two recent partnerships: one with NASA to study battery cells for space flight use, and the other with Atlantic Aviation to build out infrastructure for eVTOL (electric vertical take-off and landing) aircrafts.
Archer Aviation CEO Adam Goldstein joins Yahoo Finance Live to discuss the timeline for eVTOL infrastructure and the commercial availability for these aircrafts.
"The category of electrical vertical take-off and landing aircraft to be used as air taxis has the potential to be absolutely huge," Goldstein says. "The reason is that these vehicles can be used across so many applications. These vehicles can travel up to 100 miles, they can carry a pilot plus four passengers or an equivalent of a thousand pounds of payload, and that just enables a lot of different use cases.
#youtube #ev #travel
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@ZzzMajinzzZ]

Nice CEO! Definity could be a discount buy now before they have partnerships once up and running.

[@EbenezerNimh]

Hmm this sounds like a nice stock to put in my portfolio. Let me do more research

[@jackoneil3933]

I might suggest looking into the cost and time involved in FAA certification. No One has ever completed FAA certification of an pilot-less, non-commercial (Part-91/23) eVTOL aircraft, much less to FAA part 135 Air-Taxi or 121 Airline Operation certified pilot-less Aircraft. Having been involved with aircraft development and certification, 20 years ago, costs to certify a Burn Rutan designed conventional twin-engine air-taxi aircraft, designed to meet existing FAA regulations, we stopped development after two years and $10million on paperwork alone, when just the bureaucratic costs were getting close to $100million.
Also looking into fixed and variable costs might be worth considering, such as product, service liability insurance costs and battery costs on a per flight basis. If a battery pack costs $100,000 and is good for say 1,000 flights that's $100per flight.

[@EbenezerNimh]

@@jackoneil3933 Thank you

[@user-tx9zg5mz5p]

😂

[@3-5-9-61]

100 mile range electric is not going to replace 300 to 600 mile range of existing inventory. This is more hype, than near-term reality.

[@moriscondo5511]

their goal isn't to compete with traditional aircraft like helicopters or planes, it's to make these short jumps from Newark to Manhattan with low operating expenses.

[@jackoneil3933]

"Aircrafts"? I wonder if she combs her "hairs", eats her "spaghettis" types her "datas", struggles with traffics congestions in addition to reporting on eVTOLs test flyings, productions and batteries lifes?