Mentioned:
Electric air taxis are coming to Indonesia next. And Archer Aviation is behind it.
What’s happening:
- Archer Aviation (NYSE: ACHR) has entered into a new $18M USD deal with Indonesian defense manufacturing company PT. Industri Ketahanan Nasional to deploy their Midnight aircraft
Why it matters:
- This is the first time ever that Archer Aviation has cut a deal to bring their electric vertical takeoff and landing aircraft to Indonesia
Going deeper:
- PT. Industri Ketahanan Nasional has publicly stated they plan to use Archer Aviation’s Midnight aircraft for commercial air taxi operations as well as military logistics and environmental surveillance
- Archer Aviation has previously cut deals in both the UAE and Ethiopian, including a notable partnership with Ethiopian Airlines to bring their Midnight aircraft to Africa and develop a new network of electric air taxis
- Archer Aviation also just recently made waves in the public markets with a $850M USD equity financing round to scale up their manufacturing of Midnight aircraft within their existing production facilities in the United States
The intrigue:
- President Donald Trump just recently signed a new executive order focused on accelerating the future of electric vertical takeoff and landing aircraft in America and establishing new pilot programs to test using electric air taxis for transportation, cargo shipment, medical care and even defense logistics
