Top speed, Archer strikes multi-year partnership with Formula 1

Landon Capital News

Archer (ACHR) and Formula 1 have announced a multi-year partnership that will place Archer’s Midnight electric air taxi aircraft at select Grand Prix events in markets where the company plans to operate, including the US, Middle East, Asia, and Europe, according to a press release.

The partnership includes plans to explore integrating eVTOL air taxi services at Grand Prix events, with the stated goal of transporting VIPs and fans to and from race circuits. Potential arrangements under consideration include dedicated air taxi drop-off and pick-up locations at circuits, as well as inclusion of air taxi services within Formula 1’s hospitality and ticketing offerings.

Archer’s Midnight aircraft was displayed at the United States Grand Prix in Austin and is scheduled to appear at the Las Vegas Grand Prix and Abu Dhabi Grand Prix. Archer’s planned US air taxi networks include Miami and Texas, which overlap with existing Formula 1 race locations.

“Innovation is at the heart of Formula 1, and Archer shares our passion for pushing boundaries and exploring what is possible,” said Emily Prazer, Chief Commercial Officer of Formula 1.

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