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Stock impact report

Archer Aviation aims to start electric air taxi trials in India next year [Reuters]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Reuters
(ACHR.N) New Tab , opens new tab , backed by Stellantis (STLAM.MI) New Tab , opens new tab and Boeing (BA.N) New Tab , opens new tab , aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026, the company's chief executive told Reuters on Friday. U.S.-based Archer last year partnered with InterGlobe Enterprises, which backs India's top airline IndiGo, to launch the air taxis to help people avoid ground traffic in congested cities. "Hopefully for next year, we will be able to bring planes here at the very least from a demonstrations perspective and fly them around. The goal is to help prepare the public for a new form of transportation," Adam Goldstein, who also founded Archer, said in New Delhi. Archer is working with India's aviation watchdog to get the "appropriate regulatory approvals" before it can begin trials in the country, its chief commercial officer Nikhil Goel said, adding it is already conducting trials in Show less Read more
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