Archer is a transportation technology company based in the United States that specializes in electric vertical takeoff and landing (eVTOL) aircraft. The company was founded in 2020 by Brett Adcock and Adam Goldstein. It is headquartered in Palo Alto, California.

Archer's primary product is the eVTOL aircraft, which is designed for urban air mobility. These aircraft are electrically powered and can take off and land vertically, enabling efficient and environmentally friendly transportation within cities. The company focuses on building cost-effective and sustainable air transportation solutions.

On a global scale, Archer aims to revolutionize the traditional transportation industry by offering a more efficient and environmentally friendly alternative. The company has formed partnerships and joint ventures to advance its mission. In February 2021, Archer announced a merger with Atlas Crest Investment Corp, a special purpose acquisition company (SPAC), to become a publicly listed company on the New York Stock Exchange.

Archer's market position is still developing as the company is relatively new. However, it has attracted significant attention and investment from major players in the transportation industry, positioning itself as a prominent competitor. The company aims to differentiate itself through its technology, sustainable approach, and focus on urban air mobility.

As of now, Archer has not released any noteworthy events, achievements, or changes in its strategy or product lineup that significantly impacted its growth. However, the company has been receiving attention for securing partnerships with companies such as United Airlines and Fiat Chrysler Automobiles to develop its eVTOL aircraft. In terms of the company's current status, the latest updates include the completion of its merger with Atlas Crest Investment Corp.

This merger has allowed Archer to secure additional funding to further develop its eVTOL aircraft and bring its vision for urban air mobility closer to reality. In conclusion, Archer is a transportation technology company based in the United States that focuses on developing electric vertical takeoff and landing aircraft for urban air mobility. While relatively new, the company has attracted investments and partnerships, positioning itself as a leader in the emerging eVTOL market.

With its merger and successful fundraising, Archer is well-positioned to continue its growth and bring innovative transportation solutions to cities worldwide