Archer Aviation (ACHR) announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area – South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with flights that take ~10-20 minutes. To anchor the network, Kilroy Realty Corporation (KRC) recently signed a memorandum of understanding with Archer identifying Kilroy Oyster Point – a 50-acre waterfront campus in South San Francisco – as a critical hub in Archer’s planned San Francisco Bay Area UAM network.
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- Is Archer Aviation (NYSE:ACHR) the Future of Urban Air Mobility?