Archer Passenger eVTOL Midnight – DRONELIFE
by DRONELIFE Staff Writer Ian M. Crosby
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. For complete list of holdings click here. 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.
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Yesterday, eVTOL aircraft leader Archer Aviation revealed Midnight, its pilot-plus-four-passenger production eVTOL aircraft, during the company’s Open House event in Palo Alto, CA. Midnight builds on Archer’s Maker eVTOL aircraft, which has validated its proprietary twelve-tilt-six configuration and key enabling technologies.
With an expected payload of over 1,000 pounds, Midnight has the capacity for four passengers in addition to a pilot….