Archer partners with Saudi entities to develop and test air taxi operations

Core Insights - Archer Aviation has signed a deal with The Helicopter Company and luxury developer Red Sea Global, both of which are owned by Saudi Arabia's Public Investment Fund, to develop, test, and potentially operate electric vertical takeoff and landing (eVTOL) aircraft in Saudi Arabia [1] Group 1 - The partnership aims to enhance urban air mobility solutions in the region [1] - Archer Aviation's eVTOL aircraft is expected to contribute to sustainable transportation options [1] - The collaboration aligns with Saudi Arabia's Vision 2030 initiative, which seeks to diversify the economy and promote innovative technologies [1]