Archer Launches eVTOL into Crowded Marketplace | Aviation International News

Archer Launches eVTOL into Crowded Marketplace

The backing for the startup from a leading technology entrepreneur has provided a boost for the eVTOL sector at a time of concern over investment rates.

Archer Aviation's planned eVTOL has a fixed-wing and six propellers, plus a V-shaped tail. [Image: Archer Aviation]

By Charles Alcock • Managing Editor

May 21, 2020

U.S. startup Archer on Thursday announced plans to bring an eVTOL aircraft to market. Backers of the Palo Alto, California-based company include Walmart eCommerce CEO Marc Lore, as well as cofounders Brett Adcock and Adam Goldstein, who recently sold recruitment platform Vettery to the Adecco Group for $100 million.

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