Archer Aviation

ACHR

Market cap $7.68B

Air taxi maker Archer Aviation bolsters its platform with patent purchase. ACHR stock jumps.

With shares up by an impressive 307% over the last 12 months, Archer Aviation (ACHR 0.08%) is starting to catch the market's attention as it aims to help pioneer electric vertical takeoff and landing vehicles (eVTOLs). These are essentially electric helicopters that could revolutionize the urban transportation industry by allowing people to bypass city traffic while reducing global reliance on fossil fuels.

Flying taxis sounds like a great business to invest in for long-term investors. And one company that could be an early leader in the electric vertical takeoff and landing (eVTOL) aircraft space is Archer Aviation (ACHR -0.08%).

Archer Aviation (ACHR -0.08%) struggled to lift off on the stock market Wednesday. The company's shares only gained 0.1% that trading session, as investors processed the potential pros and cons of the company's latest acquisition.

Air taxi firm Archer Aviation on Wednesday said that it has won a bid to acquire rival Lilium's portfolio of about 300 advanced air mobility patent assets for 18 million euros ($20.91 million), expanding its own portfolio to over 1,000 patent assets.

LAS VEGAS--(BUSINESS WIRE)---- $ACHR--NBAA 2025--Archer Aviation Inc. (NYSE: ACHR), a leading developer of electric vertical takeoff and landing (eVTOL) aircraft, today announced that it has won the competitive bid process to acquire Lilium GmbH's portfolio of ~300 advanced air mobility patent assets for €18M, including patents relating to key innovations in high-voltage systems, battery management, advanced aircraft design, flight controls, electric engines, propellers, and ducted fans. This acquisition.

Archer Aviation (ACHR 1.84%), a developer of electric vertical takeoff and landing (eVTOL) aircraft, probably hasn't minted any new millionaires since it went public by merging with a special purpose acquisition company (SPAC) four years ago. The combined company's stock closed at $9.00 on the first day, went through some wild swings, but now trades at about $12.

In the most recent trading session, Archer Aviation Inc. (ACHR) closed at $13.02, indicating a +1.96% shift from the previous trading day.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he can't recommend UiPath Inc. (NYSE:PATH) as the stock just had such a big move. “It's not for me,” he added.

Archer Aviation (ACHR -5.73%) is one of the few companies attempting to commercialize aviation for public transit in cities across the world. The electric vertical take-off and landing (eVTOL) company has developed its Midnight aircraft, which can hold four passengers and a pilot, and reach speeds of 150 miles per hour, turning hour-long trips into minutes.