Archer eVTOLUnited Pays $10M Pre-Delivery Payment to Archer for 100 eVTOL Aircraft

Archer Aviation [NYSE:ACHR] is one of the holdings in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV).  AdvisorShares is a DRONELIFE sponsor.

by DRONELIFE Staff Writer Ian M Crosby

Today, Archer Aviation announced that United Airlines has submitted a pre-delivery payment of $10 million for 100 of Archer’s initial production eVTOL aircraft.

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This serves as a major milestone for the eVTOL industry, illustrating trust in the commercialization of eVTOL aircraft as well as Archer’s leadership. United initially agreed to the purchase of 100 aircraft from Archer last year, demonstrating its interest in becoming one of the first U.S. airline operators to bring…