Covington, Georgia — According to state and local economic development sources Archer Aviation plans to invest $118,000,000.00 to build out new space in Covington. The company plans to occupy the new space in Covington, on or about June 1, 2024. According to the company website Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California. Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archers mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Were innovating in key areas of the technologies that enable the commercialization of eVTOL aircraft, such as the powertrain. Were building a proprietary electric powertrain system that is significantly more power dense and higher efficiency than what is in the market today while maintaining a long service life. The powertrain system will be powered by existing mass production cells that are designed with the highest safety standards in mind at both the cell and pack level.

To learn more about Archer Aviation, visit http://www.archer.com/

Company Contact:
Adam Goldstein, Chief Executive Officer
adam.goldstein@archer.com
https://www.linkedin.com/in/adam-goldstein-7b662121/
650-272-3233

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