Kakaomobility selects archer aviation as its evtol partner and will fund archer's korean commercialization efforts; together they will conduct public flight demonstrations as part of korea's grand challenge as soon as q4'2024

Seoul, south korea--(business wire)--archer aviation inc. (nyse: achr), a leader in evtol aircraft, and kakaomobility, korea's leading mobility as a service (maas) platform service company, signed an agreement to partner for joint participation in the k-uam grand challenge and covers the planned purchase by kakaomobility of up to 50 of archer's midnight evtol aircraft worth up to an approximate value of $250m, including pre-delivery payments. kakaomobility plans to own and operate archer's midn.
ACHR Ratings Summary
ACHR Quant Ranking