10 Firms Begin Trading Week With Impressive Gains

6. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation grew its share prices by 13.08 percent on Monday to end at $10.20 apiece amid brimming hopes of the launch of its flying taxis in Abu Dhabi this year.

A report by The National quoted ACHR founder Adam Goldstein that the company was “ready to launch” this 2025.

“We’ve made great partners with Etihad, Etihad Engineering, all the partners across the entire ecosystem. So, the goal is to really start flying aircraft in Abu Dhabi this year,” Goldstein was quoted as saying.

ACHR was backed by automaker Stellantis and Abu Dhabi sovereign wealth fund Mubadala. It was among the first few companies to get the first commercially viable electric vertical take-off and landing (eVTOL) vehicles off the ground.

ACHR’s electric aircraft, the Midnight, is expected to be the first to launch in the skies of Abu Dhabi. It was designed to carry up to four passengers and a pilot with a range of 160 kilometers.