Latest news with #electricTaxi
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Why I Think Archer Aviation Is Poised for a Breakout
Wall Street sees Archer Aviation (NYSE: ACHR) as just another electric flying taxi company burning cash while chasing FAA certification. Yes, the risks are real -- certification delays, massive cash burn, fierce competition, and the challenge of scaling a new form of aviation. But that narrow view completely misses what's really happening here: Archer is quietly building the most valuable defense aviation asset outside the traditional primes -- and a major acquisition or corporate restructuring could soon expose this hidden value. Here's a deeper look at why I think these forces are building to drive a major breakout in the stock in the not-so-distant future. The White House just changed everything Trading around $10 with a market cap near $5.4 billion at the time of writing (July 1, 2025), Archer has delivered impressive returns, up over 245% in the past three years. But those gains pale compared to what's coming. In June 2025, following President Trump's executive order establishing an eVTOL Integration Pilot Program, Archer raised $850 million at $10 per share, bringing its total liquidity to an industry-leading $2 billion. This wasn't just another funding round. The White House explicitly aims to establish U.S. "dominance" in eVTOL technology through its new Integration Pilot Program. The timing is perfect -- Archer serves as the Official Air Taxi Provider for the Los Angeles 2028 Olympics, creating a high-profile deadline for commercial deployment. CEO Adam Goldstein called the executive order a "seminal moment" -- and he's right. Unlike competitors burning through capital with single-market strategies, Archer's dual approach and $2 billion war chest provide multiple paths to profitability. While well-funded competitors like Joby Aviation (NYSE: JOBY) pursue both civilian and military markets, Archer has assembled something unique: an exclusive defense partnership combining its hybrid-electric vertical takeoff and landing (eVTOL) technology with Anduril's autonomous systems and Palantir Technologies ' (NASDAQ: PLTR) artificial intelligence (AI) infrastructure. This triumvirate represents a $100 billion-plus opportunity that doesn't require FAA certification. The defense disruption play Yes, both Archer and Joby have defense contracts. But Archer's approach is fundamentally different. The late-2024 Anduril partnership creates a hybrid-propulsion aircraft specifically for military use -- not adapted civilian aircraft. This matters because hybrid systems offer extended range and payload capacity that pure electric vehicles can't match right now. More importantly, Anduril brings its Lattice AI platform, already integrated into hundreds of military systems. Combined with Palantir's March 2025 partnership for AI-powered aviation software, Archer offers the Pentagon something unprecedented: a fully integrated, AI-enabled vertical lift capability from three of defense tech's hottest companies. The partnership targets a "program of record" -- Pentagon-speak for guaranteed multiyear funding. These contracts can reach billions annually. With defense demand "stronger than expected," according to Goldstein, the company aims to build early hybrid-propulsion defense prototypes soon, distinct from its Midnight commercially oriented aircraft. The split scenario unlocks everything Here's where it gets interesting. Archer could unlock massive value through a corporate split, separating its commercial and defense operations. This solves multiple problems at once: Stellantis, with its substantial stake in Archer, wants to focus on commercial air mobility -- not get entangled with defense contractors. A split allows the commercial division to pursue the $1 trillion urban air mobility market with Stellantis and United Airlines, backed by the White House pilot program. Meanwhile, the defense division -- supercharged by Anduril and Palantir -- becomes an attractive acquisition target for Northrop Grumman (NYSE: NOC) or other defense primes. Northrop has explicitly prioritized AI, autonomous systems, and next-generation aviation. The aerospace giant's Orbital ATK acquisition ($9.2 billion total in 2018) proved its ability to integrate cutting-edge aerospace assets, expanding capabilities in solid rocket motors, missile systems, and space technologies. Multiple paths to value Archer isn't waiting for corporate action. The company delivers its first piloted Midnight aircraft to Abu Dhabi Aviation this summer. Manufacturing has begun at its Georgia facility, targeting two aircraft per month by year-end. The Palantir partnership adds another layer, developing AI-powered air traffic systems worth billions. With a pro forma liquidity position of $2 billion, Archer has industry-leading financial resources to execute on both opportunities simultaneously. Wall Street still prices it primarily as a pre-revenue eVTOL company, largely ignoring its defense potential. But with Anduril recently beating Boeing for major contracts and White House backing, the market's dismissive attitude is changing. When investors recognize Archer's transformation from flying taxi company to critical defense asset, today's $10 stock will look like the bargain of the decade. After all, defense stocks tend to sport premium valuations and stellar free cash flows. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor 's total average return is1,045% — a market-crushing outperformance compared to178%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
The National
30-06-2025
- Automotive
- The National
Dubai debuts first aerial taxi test in the region
In a groundbreaking move toward smart mobility, Dubai successfully tests the all-electric Joby Aerial Taxi, with full operations set to launch in 2026.
Associated Press
10-06-2025
- Automotive
- Associated Press
GSM officially launches Green GSM – The first electric taxi brand in the Philippines
METRO MANILA, PHILIPPINES - Media OutReach Newswire - 10 June 2025 -Green and Smart Mobility Joint Stock Company (GSM) today officially launched Green GSM, the first all-electric taxi service in the Philippines. The launch marks GSM's entry into fourth international markets, following Vietnam, Laos, and Indonesia, and represents a significant milestone in the company's " Go Green Global' strategy to advance sustainable mobility worldwide. GSM Global CEO (third from the right), GSM Philippines Executive Director (far left), together with representatives from the Government, the Vietnamese Embassy, and other guests, attend the launch ceremony of Green GSM electric taxi services in the Philippines. The grand launch took place at Quezon Memorial Circle in Quezon City, attended by H.E Ma. Cristina A. Roque – Secretary of the Department of Trade and Industry (DTI), Mr. Vivencio Bringas Dizon – Secretary of the Department of Transportation (DOTr), Mr. Frederick D. Go - Special Assistant to the President for Investment and Economic Affairs, Mr. Teofilo E. Guadiz III - Chairman of Land Transportation Franchising and Regulatory Board (LTFRB), Madame Joy Belmonte - Quezon City Mayor, H.E Mr. Lai Thai Binh - Ambassador Extraordinary and Plenipotentiary of Vietnam to the Philippines, and nearly 100 strategic partners across sectors including banking, transportation, energy, retail, and technology. Green GSM will begin operations in 10 of the 16 cities and districts that make up Metro Manila – the Philippines' political, economic, and cultural heartland, home to over 13 million people. The service will operate an exclusive fleet of VinFast Nerio Green electric vehicles, offering smooth, quiet rides and zero emissions. The fleet's signature cyan color, blending green (symbolizing sustainability) and blue (representing innovation), embodies Green GSM's vision of a modern lifestyle that respects and protects the planet. With Green GSM, every ride goes beyond just getting from point A to B — it's a conscious choice for a greener tomorrow. By choosing electric mobility, riders actively contribute to reducing carbon emissions, air pollution, and noise, all while enjoying a premium, future-ready transport solution. The entire Green GSM fleet features the modern VinFast Nerio Green electric vehicles, offering smooth operation and eco-friendly performance. Operating to international standards, Green GSM delivers a five-star experience powered by professionally trained drivers, rigorously educated in safe driving, etiquette, and customer care. Every vehicle is equipped with the Secure to Safe (S2S) monitoring system, anchored by three core pillars: Fares are transparently calculated through in-car meters and clearly displayed on the Green GSM app. Pricing is highly competitive and offers greater value compared to conventional ride-hailing services, ensuring comfort, convenience, and affordability for every ride. With the message 'Hello Philippines: Move Forward the Green Way', Green GSM aspires to become a new symbol of smart and sustainable urban living in the Philippines – where everyday travel choices help build cleaner cities and healthier communities. Mr. Nguyễn Văn Thanh, Global CEO of GSM, shared: 'The Philippines marks a strategic chapter in our Go Green Global journey. But more than expanding to a new market, our true goal is to ignite a real transformation – shifting from traditional mobility to an electric future that is cleaner, smarter, and more socially responsible.' Commuters can start riding with Green GSM via the Green GSM mobile app, now available on App Store and Google Play; by calling the hotline 02-7777-8080; hailing a Green GSM taxi on the street; or catching a ride at designated public pick-up points throughout Metro Manila. To celebrate its launch, Green GSM is offering an exclusive promotion: 500 Green Points (worth PHP 500) for users who register and take their first ride. Green Points can be applied as discounts on the first seven trips. This offer is valid from June 10 to August 31, 2025, encouraging Metro Manila residents to embrace a smarter, greener, more modern way to travel. Founded in Vietnam in March 2023, GSM has emerged as a pioneer in sustainable transportation across Southeast Asia. Its expansion into the Philippines not only underscores the international capabilities of a Vietnamese enterprise, but also helps redefine transportation norms across the region with a new standard: Greener – Smarter - More Civilized. Hashtag: #GSM #GreenGSM The issuer is solely responsible for the content of this announcement.
Zawya
10-06-2025
- Automotive
- Zawya
GSM officially launches Green GSM – The first electric taxi brand in the Philippines
METRO MANILA, PHILIPPINES - Media OutReach Newswire - 10 June 2025 - Green and Smart Mobility Joint Stock Company (GSM) today officially launched Green GSM, the first all-electric taxi service in the Philippines. The launch marks GSM's entry into fourth international markets, following Vietnam, Laos, and Indonesia, and represents a significant milestone in the company's " Go Green Global" strategy to advance sustainable mobility worldwide. The grand launch took place at Quezon Memorial Circle in Quezon City, attended by H.E Ma. Cristina A. Roque – Secretary of the Department of Trade and Industry (DTI), Mr. Vivencio Bringas Dizon – Secretary of the Department of Transportation (DOTr), Mr. Frederick D. Go - Special Assistant to the President for Investment and Economic Affairs, Mr. Teofilo E. Guadiz III - Chairman of Land Transportation Franchising and Regulatory Board (LTFRB), Madame Joy Belmonte - Quezon City Mayor, H.E Mr. Lai Thai Binh - Ambassador Extraordinary and Plenipotentiary of Vietnam to the Philippines, and nearly 100 strategic partners across sectors including banking, transportation, energy, retail, and technology. Green GSM will begin operations in 10 of the 16 cities and districts that make up Metro Manila – the Philippines' political, economic, and cultural heartland, home to over 13 million people. The service will operate an exclusive fleet of VinFast Nerio Green electric vehicles, offering smooth, quiet rides and zero emissions. The fleet's signature cyan color, blending green (symbolizing sustainability) and blue (representing innovation), embodies Green GSM's vision of a modern lifestyle that respects and protects the planet. With Green GSM, every ride goes beyond just getting from point A to B — it's a conscious choice for a greener tomorrow. By choosing electric mobility, riders actively contribute to reducing carbon emissions, air pollution, and noise, all while enjoying a premium, future-ready transport solution. Operating to international standards, Green GSM delivers a five-star experience powered by professionally trained drivers, rigorously educated in safe driving, etiquette, and customer care. Every vehicle is equipped with the Secure to Safe (S2S) monitoring system, anchored by three core pillars: Secure – real-time monitoring to proactively manage risks; Safe – ensuring peace of mind for every passenger, with special focus on women, children, and the elderly; Smart – leveraging AI to enhance operational efficiency, safety, and transparency. Fares are transparently calculated through in-car meters and clearly displayed on the Green GSM app. Pricing is highly competitive and offers greater value compared to conventional ride-hailing services, ensuring comfort, convenience, and affordability for every ride. With the message"Hello Philippines: Move Forward the Green Way", Green GSM aspires to become a new symbol of smart and sustainable urban living in the Philippines – where everyday travel choices help build cleaner cities and healthier communities. Mr. Nguyễn Văn Thanh, Global CEO of GSM, shared: "The Philippines marks a strategic chapter in our Go Green Global journey. But more than expanding to a new market, our true goal is to ignite a real transformation – shifting from traditional mobility to an electric future that is cleaner, smarter, and more socially responsible." Commuters can start riding with Green GSM via the Green GSM mobile app, now available on App Store and Google Play; by calling the hotline 02-7777-8080; hailing a Green GSM taxi on the street; or catching a ride at designated public pick-up points throughout Metro Manila. To celebrate its launch, Green GSM is offering an exclusive promotion: 500 Green Points (worth PHP 500) for users who register and take their first ride. Green Points can be applied as discounts on the first seven trips. This offer is valid from June 10 to August 31, 2025, encouraging Metro Manila residents to embrace a smarter, greener, more modern way to travel. Founded in Vietnam in March 2023, GSM has emerged as a pioneer in sustainable transportation across Southeast Asia. Its expansion into the Philippines not only underscores the international capabilities of a Vietnamese enterprise, but also helps redefine transportation norms across the region with a new standard: Greener – Smarter - More Civilized. The issuer is solely responsible for the content of this announcement. GSM
