Investing.com -- Shares of Archer Aviation Inc (NYSE: ACHR ) climbed 8.7% today following the company’s announcement that it has been selected as the Official Air Taxi Provider for the LA28 Olympic and Paralympic Games and Team USA. The exclusive deal is expected to showcase Archer’s Midnight eVTOL aircraft, which will transport VIPs, fans, and stakeholders, and electrify vertiport take-off-and-landing hubs at key venues.

The partnership, revealed today, will see the integration of Archer’s Midnight eVTOL aircraft across the LA28 Games in Los Angeles, a city anticipated to attract over 15 million visitors and reach billions of viewers globally during the event. Archer’s Midnight is a piloted electric air taxi designed to carry up to four passengers with significantly lower noise and emissions than traditional helicopters.

The eVTOL aircraft features redundant, fault-tolerant systems, including 12 engines and propellers, aiming for FAA certification at safety levels comparable to commercial airliners. Made in America at Archer’s facilities in San Jose, CA, and Covington, GA, Midnight is positioned to offer short-duration flights within the company’s planned LA network, providing a convenient travel option for spectators and participants across the city.

Archer’s network in LA is set to include vertiports at central venues for the LA28 Games, such as the Stadium in Inglewood and the Los Angeles Memorial Coliseum, as well as key visitor hubs like Los Angeles International Airport, Hollywood, Orange County, and Santa Monica.

Adam Goldstein, CEO and founder of Archer Aviation, expressed enthusiasm for transforming transportation in Los Angeles and creating a lasting legacy. "There’s no better time to do that than during the LA28 Games," Goldstein said. LA28 Chairperson and President Casey Wasserman echoed this sentiment, highlighting the partnership as a chance to reimagine the Olympic and Paralympic Games experience.

The agreement also grants Archer access to storytelling opportunities through NBCUniversal’s coverage of the 2026 and 2028 Olympic Games, including high-profile moments such as the Opening and Closing Ceremonies in Los Angeles.

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