Archer and Formula 1 Announce Multi-Year Partnership, to Explore eVTOL Air Taxi Service at Grands Prix

Archer (NYSE: ACHR) and Formula 1 have announced a multi-year partnership under which Archer will be present at select Grands Prix aligned with key commercial markets where it plans to operate across the US, the Middle East, Asia and Europe. The partners also plan to explore integrating eVTOL air taxi services at Grand Prix events, flying VIPs and fans to and from circuits in minutes aboard Archer's Midnight aircraft. Options to be explored include dedicated air taxi drop-off and pick-up locations at circuits and including air taxi services in Formula 1's hospitality and ticketing offerings. As Archer's commercial operations begin in F1 markets, the aim is to let fans bypass traffic between major airports, business hubs and other key destinations on their way to and from races.

Archer said its planned US air taxi networks closely match Formula 1's race locations, including Miami and Texas, where it has unveiled planned infrastructure networks. Its commercial roll-out plans in the Middle East, Asia and Europe provide a basis for future service in additional race cities.

Emily Prazer, Chief Commercial Officer of Formula 1, said the collaboration is an opportunity to explore how new ideas and technologies can elevate the fan experience at events. Adam Goldstein, founder and CEO of Archer, cited Formula 1's 830 million fans worldwide as a global audience of prospective passengers and said motorsport and aerospace share the same engineering DNA. Archer noted that the power-to-weight demands of eVTOL aircraft are comparable to those of F1 cars. Midnight is an all-electric air taxi designed for urban air mobility, capable of rapid back-to-back flights with zero operating emissions.

The announcement contains forward-looking statements on Archer's development, certification and commercialization timing and the expected benefits of third-party collaborations, which may differ materially from actual results.