Archer Aviation Partners with KakaoMobility to Launch eVTOL Services in South Korea

The collaboration aims to deploy up to 50 Midnight aircraft and conduct public demonstration flights by late 2024.

Archer Aviation and KakaoMobility will participate in Korea's K-UAM Grand Challenge to promote eVTOL technology.
The agreement includes the planned purchase of up to 50 Midnight aircraft, valued at approximately $250 million.
Initial payment of $7 million from KakaoMobility will support early commercialization efforts in 2024.
Public demonstration flights are scheduled for late 2024, with commercial operations targeted for 2026.
The partnership aims to reduce traffic congestion in Seoul with quick, efficient air taxi services.