"The good news is a hydrogen vehicle is an electric vehicle. It's just a different way of storing the energy versus a battery... refuel in 3 to 4 minutes and you're 100% full and ready to go again."
Archer Aviation is leading the charge in developing electric vertical takeoff and landing (eVTOL) aircraft, particularly with its Midnight model aimed at urban air taxi services. The company has secured a $6 billion order book and has $1.03 billion in cash, positioning itself for commercial operations later this year.
The acquisition secures a multi-million-euro investment aimed at supporting industrial process development, expanding the retrofit product range, and building a reliable long-term supply chain.
This is a milestone in automotive history: the first-ever series production fuel cell vehicle to be offered by a global premium manufacturer, powered by hydrogen and driven by the spirit of our cooperation, it will underscore how technological progress is shaping future mobility.