Latest news with #ADIO
Forbes
2 days ago
- Business
- Forbes
Archer Aviation: What's Happening With ACHR Stock?
CANADA - 2025/05/13: In this photo illustration, the Archer Aviation logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Archer Aviation is making substantial progress in the evolving electric vertical take-off and landing (eVTOL) sector, reflected in its stock's over 200% surge in the past year. This upward trend is fueled by rising demand for its Midnight air taxi and strategic advancements in its commercialization efforts. The company boasts a robust order book totaling $6 billion, with each Midnight air taxi valued at $5 million, providing clear revenue visibility and underscoring strong market validation for eVTOL technology. Archer is expanding its global presence, exemplified by a recent $250 million agreement with Indonesia, marking its third "Launch Edition" market after the UAE and Ethiopia. These international initiatives are bolstered by multi-hundred million dollar framework agreements with the Abu Dhabi Investment Office (ADIO) to expedite air taxi operations across the UAE, alongside a partnership with Falcon Aviation to develop vertiport networks connecting Dubai and Abu Dhabi. Archer aims to deliver its first piloted Midnight aircraft to the UAE this year, initiating commercial operations later in 2025 and leveraging the region as an initial revenue stream and proving ground for global expansion. Manufacturing capabilities are rapidly advancing, with a 400,000 square-foot eVTOL manufacturing facility in Georgia completed last December. This facility is poised to support order fulfillment and scale operations for a targeted 2025 commercial deployment. On a separate note, see – SoundHound AI: Buy, Sell Or Hold SOUN Stock At $10? The eVTOL market fundamentally addresses urban mobility challenges by offering aircraft significantly quieter than traditional helicopters, enabling urban operations previously restricted due to noise, thereby substantially expanding the addressable market. Furthermore, Archer's strategic partnerships with established aviation operators, including Abu Dhabi Aviation and Ethiopian Airlines, are key to mitigating operational risks and accelerating market penetration. A recent significant development reported by Gulf News is the announcement of a five-country alliance (U.S., UK, Australia, Canada, and New Zealand) to streamline eVTOL certification globally, which could significantly accelerate Archer's international deployment once it secures U.S. FAA type certification. Despite these positive indicators, including an average analyst price estimate of $12 for ACHR stock, suggesting approximately 20% upside potential from its current level of $10, the stock remains below its lifetime high of over $18 recorded in 2021. This disparity can be attributed to several inherent risks. Regulatory hurdles, specifically certification delays, pose a significant threat to revenue generation. Execution risks related to manufacturing and operational complexity also present challenges, and competition from well-funded rivals, such as JOBY, could lead to market share capture. Finally, Archer, like many pre-revenue companies in this capital-intensive industry, has ongoing funding requirements for scale-up. The stock has historically exhibited higher volatility and vulnerability during broader market downturns, losing approximately 90% of its value during the 2022 inflation shock and around 70% during the 2020 COVID-19 pandemic, significantly underperforming the S&P 500 index's peak-to-trough declines of 25% and 34%, respectively, underscoring its speculative nature. Overall, Archer Aviation appears poised for significant growth, yet this potential is accompanied by considerable risks. Now, we apply risk assessment framework while constructing Trefis High Quality (HQ) Portfolio which, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.
ARN News Center
6 days ago
- Automotive
- ARN News Center
Watch: Abu Dhabi hosts test flight of pilotless air taxi
Abu Dhabi has taken a major leap into the future of transportation with a successful public test flight of a passenger electric vertical take-off and landing aircraft, or eVTOL. The demonstration, supported by the Smart and Autonomous Systems Council and the Abu Dhabi Investment Office (ADIO), was conducted in partnership with EHang and Multi Level Group. The autonomous flight showcased the EH216-S, the world's first certified pilotless two-seater eVTOL, designed for safe, zero-emission urban mobility. The aircraft's performance in Abu Dhabi's hot climate validated key technologies including airspace coordination and vertiport operations, under the oversight of the UAE's General Civil Aviation Authority. Officials say this marks a pivotal step toward integrating air taxis into everyday life, aligning with Abu Dhabi's vision for innovation and intelligent transport. EHang also announced plans to establish regional operations in the emirate, including a final assembly line and support facilities. Badr Al Olama, Director-General of ADIO called the flight a symbol of Abu Dhabi's ambition to lead in next-generation mobility, diversify its economy, and build homegrown capabilities. The latest demonstration lays the groundwork for future commercial deployment of urban air mobility in the UAE. View this post on Instagram A post shared by ARN News Centre (@arnnewscentre)
Time of India
6 days ago
- Automotive
- Time of India
Driverless flying taxi in UAE soon? Watch Abu Dhabi conduct test flight over Marina
Abu Dhabi tests the EHang EH216-S autonomous flying taxi, a two-seater eVTOL, above the Marina from the Cruise Terminal helipad/ Image:X Abu Dhabi has made significant strides in air mobility, showcasing its forward-thinking vision for the future with the successful public demonstration of an autonomous flying taxi test flight. The test, a milestone in the development of urban air mobility, was held in the heart of the capital and captured on video for public viewing. The 50-second video clip, released by the Abu Dhabi Investment Office (ADIO) on Friday, presents the flying taxi soaring above the Abu Dhabi Marina, offering a glimpse into the future of transportation. The autonomous flying taxi, a fully electric, driverless vertical take-off and landing (eVTOL) aircraft, took off from the helipad at the Abu Dhabi Cruise Terminal. While the exact duration of the flight wasn't disclosed, ADIO emphasized that the test flight aimed to assess the efficiency and operational capabilities of these futuristic vehicles in real-world conditions. A Major Step Toward Integrating Urban Air Mobility The flight, which was conducted in partnership with the Smart and Autonomous Systems Council (SASC), ADIO, Chinese technology firm EHang, and Multi Level Group (MLG), is seen as a pivotal step toward making urban air mobility a part of everyday life. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo ADIO highlighted that the test flight served as a platform for validating key technologies necessary for the successful operation of flying taxis, including hot-weather performance specific to Abu Dhabi's extreme climate, airspace coordination, and route planning. 'Conducted under the oversight of the UAE's General Civil Aviation Authority (GCAA), the flight provided live proof of the regulatory, operational and infrastructure frameworks essential for safely scaling this new mode of transport,' ADIO said in a statement. Badr Al Olama, Director-General at ADIO, emphasized the importance of the project, stating, "We are proving that urban air taxis will be a part of everyday life, here in Abu Dhabi and around the world. This is how we diversify our economy, cultivate homegrown capabilities and make the emirate a global leader in next-generation transport." The EHang EH216‑S: A Glimpse Into the Future of Air Travel The flying taxi used in the demonstration was the EHang EH216-S, a two-seater, fully autonomous eVTOL aircraft that is being hailed as the world's first certified, pilotless flying taxi. The aircraft features a unique design with eight arms equipped with 16 propellers, each powered by a dual-motor system. This design results in a total of 32 independent electric motors that contribute to the aircraft's efficient vertical take-off and landing capabilities. One of the key features of the EH216-S is its redundancy systems, which ensure that even if one motor or system fails, backup systems will immediately take over, ensuring safety and operational continuity. EHang claims that this high level of redundancy is essential for enhancing the operational safety of the flying taxi. According to ADIO, the flying taxi is specifically designed for urban environments, ideal for short-distance connections, sightseeing, and tourism. With no need for traditional runways, and operating with minimal noise, the EH216-S aligns perfectly with the vision for future cities, where compact and efficient modes of transportation will be essential. A Bright Future for Air Mobility in Abu Dhabi EHang's plans for the future in Abu Dhabi extend beyond just showcasing flying taxis. The Chinese company has confirmed its intention to establish regional operations in the emirate, including a final assembly line and support facilities. This development aligns with Abu Dhabi's ambitions to be at the forefront of next-generation transportation technologies. "Abu Dhabi continues to be a hub for innovation and the next frontier in air mobility," said ADIO, highlighting the long-term vision for the city's transportation ecosystem. The integration of urban air mobility could dramatically change how people travel within the city, offering faster, more sustainable alternatives to traditional forms of transportation. The successful test flight also signals a broader trend toward autonomous air transport in the UAE, with the emirate striving to lead in the development of these cutting-edge technologies. The project also underscores Abu Dhabi's ongoing commitment to diversifying its economy by fostering homegrown innovations in high-tech industries.
Khaleej Times
6 days ago
- Automotive
- Khaleej Times
Watch: Abu Dhabi conducts test flight of driverless flying taxi
Abu Dhabi has taken a giant step into the future of air mobility with the landmark public demonstration of a test flight of an autonomous flying taxi conducted in the Capital. In a 50-second video clip released by Abu Dhabi Investment Office (ADIO) on Friday, the electric driverless vertical take-off and landing (eVTOL) aircraft is shown taking off from the helipad of Abu Dhabi Cruise Terminal, and cruising above the Abu Dhabi Marina. Watch the video here: ADIO, in collaboration with @ehang and @multilevelgroup, hosted a landmark test flight of an autonomous electric vertical take-off and landing (eVTOL) aircraft in Abu Dhabi. @saviabudhabi @gcaauae Learn more: #InvestWithAbuDhabi — Abu Dhabi Investment Office (@InvestAbuDhabi) June 13, 2025 The test flight was conducted with the support of Smart and Autonomous Systems Council (SASC), Abu Dhabi Investment Office (ADIO), in collaboration with Chinese technology company EHang and Multi Level Group (MLG). ADIO did not mention how many minutes the EHang-powered flying taxi was up in the air but underscored the test flight 'was aimed at evaluating the efficiency and operational capabilities of flying taxis.' 'The trial was also a pivotal step towards integrating urban air mobility into everyday life,' ADIO noted, adding, 'The (test flight) validated critical technologies, including hot-weather performance in Abu Dhabi's climate alongside airspace coordination, route planning and vertiport operations.' 'Conducted under the oversight of the UAE's General Civil Aviation Authority (GCAA), the flight provided live proof of the regulatory, operational and infrastructure frameworks essential for safely scaling this new mode of transport,' ADIO continued. 'We are proving that urban air taxis will be a part of everyday life, here in Abu Dhabi and around the world. This is how we diversify our economy, cultivate homegrown capabilities and make the emirate a global leader in next-generation transport,' added Badr Al Olama, director-general at ADIO. Two-seater flying taxi The flying taxi tested was EHang's EH216‑S. It is touted as the world's first certified, pilotless, two-seater eVTOL aircraft. The EH216-S features eight arms equipped with 16 propellers. Each propeller is powered by a dual-motor system, totalling 32 independent electric motors. According to EHang, the design ensures efficient vertical take-off and landing capabilities with a high level of operational safety and redundancy or the practice of having multiple independent safety systems in place to ensure that if one system fails, another will take over. ADIO noted the Chinese technology-powered flying taxi is 'tailored for urban environments and purpose-built for applications such as sightseeing, short-distance connections and tourism.' It operates with minimal noise and no runway, making it ideally suited to the evolving infrastructure of future cities. Meanwhile, EHang earlier confirmed plans to establish regional operations in Abu Dhabi, including a final assembly line and support facilities, according to ADIO.
Dubai Eye
7 days ago
- Automotive
- Dubai Eye
Watch: Abu Dhabi hosts test flight of pilotless air taxi
Abu Dhabi has taken a major leap into the future of transportation with a successful public test flight of a passenger electric vertical take-off and landing aircraft, or eVTOL. The demonstration, supported by the Smart and Autonomous Systems Council and the Abu Dhabi Investment Office (ADIO), was conducted in partnership with EHang and Multi Level Group. The autonomous flight showcased the EH216-S, the world's first certified pilotless two-seater eVTOL, designed for safe, zero-emission urban mobility. The aircraft's performance in Abu Dhabi's hot climate validated key technologies including airspace coordination and vertiport operations, under the oversight of the UAE's General Civil Aviation Authority. Officials say this marks a pivotal step toward integrating air taxis into everyday life, aligning with Abu Dhabi's vision for innovation and intelligent transport. EHang also announced plans to establish regional operations in the emirate, including a final assembly line and support facilities. Badr Al Olama, Director-General of ADIO called the flight a symbol of Abu Dhabi's ambition to lead in next-generation mobility, diversify its economy, and build homegrown capabilities. The latest demonstration lays the groundwork for future commercial deployment of urban air mobility in the UAE. ADIO, in collaboration with @ehang and @multilevelgroup, hosted a landmark test flight of an autonomous electric vertical take-off and landing (eVTOL) aircraft in Abu Dhabi. @saviabudhabi @gcaauae Learn more: #InvestWithAbuDhabi — Abu Dhabi Investment Office (@InvestAbuDhabi) June 13, 2025
