Imagine a world where rush hour unfolds above the gridlock and sleek electric flying vehicles zip around major urban areas. While this seems like an idea from science fiction, this future could be closer than you think. Flying taxis are poised to transform cities and redefine mobility, with companies like Archer Aviation (NYSE: ACHR) leading the way.

Archer is developing electric vertical takeoff and landing aircraft (eVTOL), also known as flying taxis. This exciting technology could transform transportation as we know it. However, the company must overcome several obstacles before this futuristic technology becomes available on a commercial scale. Here's what you need to know before investing in Archer Aviation.

The vision of flying cars could become a reality in the coming decades. eVTOLs are flying vehicles that can take off, land, and hover vertically like a helicopter. This type of technology is exciting because it allows the vehicle to operate in a small space and could revolutionize urban transportation.

Continue reading

Source Fool.com