Archer has also made rapid progress on Makers flight testing program and is on schedule to complete a full transition flight in the coming weeks, just twelve months after its first hover flight. Archer is targeting late 2024 for FAA . In August, Archer completed Midnights preliminary design review covering all aspects of the aircrafts specifications and manufacturing requirements, which enabled it to determine that the design is feasible for Type Certification and commercialisation. Work to certify Midnight with the FAA should be complete in late-2024 and Archer will then use the aircraft as part of its UAM network, planned for launch in 2025. Most electric car makers discourage frequent fast charging, opting for slower, overnight charging at a home unit to maximize battery life. Required fields are marked *. Weve made phenomenal progress in the development of our eVTOL aircraft technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House event, said Adam Goldstein, Archers CEO. In August, Archer completed Midnights preliminary design review covering all aspects of the aircrafts specifications and manufacturing requirements, which enabled it to determine that the design is feasible for Type Certification and commercialization. In addition, Archers design uses fabric made from recycled contents like plastic bottles. Introducing Midnight Urban mobility is about to be taken to a whole new dimension. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Archer Unveils Midnight eVTOL Aircraft - Avionics International Do we have orbital hotels and missions to Jupiter like in 2001: A Space Odyssey (or its sequel movie and sequel books)? While we arent seeing many flying planes, were seeing many designs emerge that have great potential. According to Archer, Midnight will cruise at approximately 2,000 feet AGL with noise levels at the ground expected to measure around 45 A-weighted decibels (dBA). The companys target flights have a charging turnaround time of approximately 10 minutes, which enables Archers urban air mobility (UAM) network operating model. SANTA CLARA, CA, March 9, 2023 Archer Aviation Inc. (NYSE: ACHR) today announced that it is nearing completion of the final assembly of its first Midnight, the production aircraft it unveiled last November. $JOBY is already a publicly traded company. During the same month, United Airlines made a USD10m pre-delivery payment for 100 Midnight aircraft, further signalling the carriers confidence in its development. Earlier this month, Archer and United announced that the first route will be between Newark Liberty International Airport in New Jersey and Downtown Manhattan Heliport in New York. ET, according to data from S&P . Plus, theres great demand for e-VTOL craft, which can act like both planes and helicopters, and serve human needs even in urban areas. Midnight is the evolution of Archers demonstrator eVTOL aircraft, Maker, which has validated its twelve-tilt-six configuration. You also have the option to opt-out of these cookies. The only difference is that today 100% of them use turbine helicopters. Website design and development by e-Motive Media Limited. And by the way, the turbine helo, costs a ton to operate, particularly the engine depreciation. Adam Goldstein, Archers CEO, commented, Weve made phenomenal progress in the development of our eVTOL technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House., In August, Archer first announced Midnight, following the successful completion of the aircrafts Preliminary Design Review (PDR). The company's Midnight vehicle has already received the FAA special airworthiness certificate -- a designation . Archer Aviation Progresses eVTOL Ambitions With Production Aircraft Unveil Each Midnight will be 20% larger than Maker, and twice the gross weight, Dennison said, adding that the company has not said what Maker weighs. Capable of cruising at approximately 2,000ft the noise that reaches the ground should measure around 45 A-weighted decibels (dBA), almost 1,000 times quieter than a helicopter. It is powered by twelve electric motors that are positioned on booms, with the front motors able to tilt for forward flight as is used on most eVTOLs we have seen so far. A lot goes on behind the scenes to advance the development of our aircraft as efficiently as we have. These forward looking statements are only predictions and may differ materially from actual results due to a variety of factors. Archer highlights the safety of the Midnight. Two rivals in the race to mass-produce an all-electric aircraft said on Thursday that they had agreed to collaborate and settled a trade-secrets lawsuit that one rival, Wisk Aero . For example, Midnights seats are constructed out of. Archers design and engineering teams have worked tirelessly to integrate materials into this aircraft that have their own unique sustainability stories. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The company is targeting completion of its initial conforming Midnight aircraft in Q4 2023. Archer Aviation ( ACHR 13.64%) stock is making big gains in Monday's trading following recent insider buying. Air taxi developer Archer Aviation has flown its first full transition from hover to forward flight with its two-seat prototype, Maker a significant milestone in the start-ups development of a bigger prototype, Midnight. Archer says it will present details of the company's US . By David Kaminski-Morrow2022-10-14T10:33:00+01:00. Collaboration has always been a cornerstone of our mission, said Tom Muniz, Archers Chief Operating Officer. You want to experience it, he said. Midnights should be flying out of and into existing or converted helipads at high-rate flight operations. From day one Archers strategy has always been about finding the most efficient path to commercializing eVTOL aircraft, said Archer founder and CEO Adam Goldstein. Wall Street, venture capitalists, green weenies? Archer's Midnight eVTOL. Called Midnight, the aircraft is an "evolution" of the company's Maker eVTOL, which completed its first hover flight in December 2021. They may or not need it, but with a 10-minute charge time in between flights suggests that it would be typical. The occasion will include more information about the engines specifications and abilities, FAA certification progress for Midnight, as well as other details regarding the electric powertrain system. Archer introduced its production eVTOL aircraft, titled Midnight, at an open house event in Palo Alto, CA, on Thursday. In August 2022, United Airlines made a $10m pre-delivery payment for 100 of the Midnight aircraft, further signaling the carriers confidence in the aircrafts development. Archer to Unveil Production eVTOL Aircraft in November Midnight is the evolution of Archer's demonstrator eVTOL aircraft, Maker, which has validated its proprietary twelve-tilt-six . Electric aircraft makers Wisk and Archer end bitter legal dispute Archer Aviation Inc. (NYSE: ACHR), a leader in eVTOL aircraft, today publicly unveiled its production aircraft, Midnight, a pilot-plus-four-passenger eVTOL aircraft during its Open House event in Palo Alto, CA. Welcome to flightglobal.com. From day one Archers strategy has always been about finding the most efficient path to commercialising eVTOL aircraft, said Adam Goldstein, Archers founder and CEO. Archer Aviation Inc. said it raised $215 million in funding and patched up a legal dispute with Boeing Co., paving the way for the electric air-taxi startup to . Pretty standard from whats been done thus far. Cathie Wood Just Sold Tesla and Shopify - The Motley Fool No issue with the eVTOL. The Midnight eVTOL / Credit: Archer Aviation Archer Aviation's funding eclipses $1 billion to date. Expect others to make an equity offering soon. Thats a very well established target market urban air mobility using a VTOL aircraft carrying a pilot and (up to) 4 passengers, for a distance of (up to) 20 miles at 2,000 feet or below is the bread and butter of hundreds of existing air taxi operators. Archer unveils Midnight and lays out its plans | AirInsight Operating cost is important but not the only metric that matters, and it is unclear to me that creating an aircraft specifically tailored to that general market makes any financial sense. Whats the all-in hourly operating cost of one of these things? Archer Unveils its Production Aircraft, Midnight - ASDNews Nov 21, 2022 Archer Midnight AUVSI's Advocacy staff attended Archer Aviation's Open House on November 16, 2022 to see the unveiling of their new production aircraft, the Midnight -- and to learn about the company's history, team, and path forward. Analysts only forecast revenues reach ~$90 million in 2025, followed by $206 million in 2026. Pretty uncommon for properly maintained electric motors to fail. The company has also now begun component manufacturing for its conforming Midnight aircraft, which will be flown with a pilot. Your email address will not be published. This cookie is set by GDPR Cookie Consent plugin. Archer Aviation Inc. (NYSE: ACHR) announced that they will be unveiling Midnight, the company's first production eVTOL aircraft, at an Open House event on November 16, 2022. Archer intends to build at least six of these conforming Midnight aircraft to be used as part of its "for credit" testing with the FAA in support of Type Certification. All rights reserved. For more informationhttps://www.archer.com, Advanced Air Mobilityair taxieVTOL aircraftUrban Air MobilityUSA. Twitter: @rschuur_aero. The levels of redundancy, the simplified operations built into these vehicles, lower maintenance is going to be game changer for the industry. Russian airframer Irkut has formally changed its corporate name to Yakovlev, following approval of the decision at a general meeting of shareholders. However, you may visit "Cookie Settings" to provide a controlled consent. The latter has been working with Archer since early in the eVTOL aircrafts development and is a key partner in the companys plans to achieve manufacturing at scale. I write quite a bit about unmanned electric aircraft, and the benefits (both for people and the environment) that they come with as they replace the mission of many manned aircraft. Poll: Are Vintage Aircraft Flight Demos Worth The Risk. By continuing to browse this site you are agreeing to our use of these cookies. HY1 of 2023 will be dedicated to submitting more specific certification plans and getting approval in HY2. Weve made phenomenal progress in the development of our eVTOL aircraft technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House event said Adam Goldstein, Archers CEO. They need to beat the cost by enough margin that the operator will invest in new equipment, ground chargers and crew conversion training, but once they accomplish that price gap, they will prevail. Archer says it will present details of the companys US FAA certification and commercialisation plans at the 16 November event, which will also feature a test flight of the full-scale technology demonstrator. Sustainable. What's Going On With Archer Aviation Stock Today? Previous news Evia Aero adds five hydrogen kits to LoI with Cranfield, Next newsLilium latest capital raise priced at $119m , Your email address will not be published. Fortunately, we can refrain from giving ourselves a swift kick to the shins because Archer is trying hard to do just that. For Media: Louise Bristow // lbristow@archer.com. We should still strive to do this. The company wants to get the soon-to-be-revealed Midnight certified by the end of 2024, but thats challenging to predict because the FAA is still drawing up plans for certifying that kind of aircraft. This website uses cookies to improve your experience while you navigate through the website. So these will carry four very rich people whose time is too valuable to spend traveling across town on the ground to and from the airport. Midnight is the evolution of Archer's demonstrator electric vertical take off and landing (eVTOL) aircraft, Maker, which has validated its proprietary 12 tilt 6 configuration and key enabling technologies. The landing gear will keep the fuselage low to the ground, so that stepping aboard will be about like getting into a sport utility vehicle, said Julien Montousse, vice president of design and innovation and a former auto designer. Earlier this year Midnight successfully completed its preliminary design review (PDR) and has been selected to move forward into production. One of the messages during an afternoon of presentations was that flying in an eVTOL wont be a risky affair, even if Archer has yet to put anyone aboard Maker, and Midnight will be tested unoccupied at first too. Midnight has a payload weight of 1,000+ pounds to support four passengers and a pilot. Archer Aviation: Flying Higher, But Don't Chase (NYSE:ACHR) Achieving this milestone will further validate the flight physics of Archersproprietary twelve-tilt-six configuration that it uses on both Maker and Midnight, as well as a number of the key enabling technologies, such as the aircraft flight control system. Archer to unveil its Midnight eVTOL air taxi next month. United Airlines' Future eVTOL Revealed: The Archer Midnight - Simple Flying Weve made phenomenal progress in the development of our eVTOL aircraft technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House event said Adam Goldstein, Archers CEO. Credit: Archer Aviation. Archer is committed to sourcing renewable energy wherever possible to power its aircraft. The cookie is used to store the user consent for the cookies in the category "Performance". The occasion will offer further details on Midnight's specifications and capabilities, including its proprietary electric powertrain system, as well as the Archer unveils Midnight and lays out its plans. Two doors on each side will accommodate four passengers and a pilot, and large windows will provide a panoramic view for the occupants. Credit: Ben Iannotta, Archer Aviation is designing its production aircraft Midnight to carry four passengers and one pilot.

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