• On the heels of adding Former FAA Administrator, Billy Nolen, Archer makes another key executive hire with Goel, the co-founder of Uber Elevate
• Goel to lead Archer’s global commercialization strategy including business development and international expansion efforts as Archer looks to capitalize on the strong global demand it is seeing
• Archer continues to execute on its commercialization strategy and is the only OEM with an aircraft order from a major U.S. airline for which it has received a cash deposit and announced multiple point-to-point routes

Archer Aviation Inc. (NYSE: ACHR) today announced Nikhil Goel has joined as the company’s Chief Commercial Officer. Goel will lead the execution of Archer’s global commercialization efforts as the company prepares to bring Midnight to market in 2025 in the U.S. in partnership with United Airlines. Goel brings deep industry expertise to Archer after co-founding Uber Elevate, Uber’s air taxi division, and jointly authoring the Uber Elevate white paper that is widely credited with establishing the vision for the commercial eVTOL aircraft industry.

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Nikhil Goel, Archer Chief Commercial Officer. (Photo: Business Wire)

As Chief Commercial Officer, Goel will be responsible for spearheading Archer’s commercialization strategy with a focus on bringing New York, Chicago, Los Angeles, Miami and San Francisco online as Archer’s initial domestic markets and capturing international demand by stewarding partnership opportunities across several key markets, including the Middle East, Asia, and Latin America. Goel’s addition is timely as Archer is continuing to rapidly advance its commercialization efforts after receiving a $10 million pre-delivery payment from United Airlines for 100 eVTOL aircraft that it anticipates deploying into the multiple point-to-point routes it has announced alongside United in the U.S.

After starting at Uber as a product leader on the emerging markets and rider experience teams, Goel co-founded Uber Elevate. Working alongside NASA and Uber executives, Goel helped spearhead the vision for Uber Elevate which has, in turn, inspired the approach to commercializing the industry. In 2020, Goel helped spin off the Uber Elevate business in a strategic sale to Joby Aviation. Goel has been a Senior Advisor to Archer since 2020 and prior to Uber held roles at McKinsey & Company, Google, Microsoft, and NASA. He attended Vanderbilt University and earned his Bachelor of Science in Engineering with a double major in computer engineering and economics.

“Having recently traveled around the world to the largest international markets and seen firsthand how strong the demand for our aircraft is outside the U.S., it’s clear that now is the right time to make this strategic hire and bring Nikhil on to capitalize on the sizable market opportunity for domestic and global expansion,” said Adam Goldstein, Archer’s Founder and CEO. “Since day one, we’ve laid out an aggressive goal to be the first to bring an eVTOL aircraft to the UAM market, and adding Nikhil to our senior leadership team significantly bolsters our efforts to reach that goal.”

“My career has been focused on transforming the way people move in and around cities and enabling the future of on-demand, urban air transportation,” said Nikhil Goel, Archer’s Chief Commercial Officer. “I’ve been working with Adam and the team for several years, and I believe Archer is the most well-positioned eVTOL aircraft OEM to make this vision a reality with the industry’s leading team and product. It’s an honor to join the company as Chief Commercial Officer and lead our path to market.”

Archer’s goal is to transform urban travel, replacing 60-90 minute commutes by car, with estimated 10-20 minute electric air taxi flights that are safe, sustainable, low noise and cost competitive with ground transportation. With a range of up to 100 miles, Archer’s Midnight is a piloted, four passenger aircraft designed to perform rapid back-to-back flights with minimal charge time in between flights. Component manufacturing is already underway for Archer’s conforming Midnight aircraft, as the company is targeting final assembly of its conforming Midnight aircraft in the fourth quarter of 2023 and to begin piloted flight test operations in early 2024.

Forward-looking Statements

This press release contains forward looking statements regarding Archer’s future business plans and market opportunities, including statements regarding the performance and development of its aircraft, business opportunities, and timelines of its UAM network buildout and commercialization. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.

About Archer

Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA.

To learn more, visit www.archer.com.

Source: Archer

Text: ArcherIR

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