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Archer is an EV tall company. The company is developing electric vertical takeoff and landing vehicles for urban air mobility.
So uh in the US today an Uber costs roughly $2 to4 per mile mhm um at scale now this may not be for 5 to 10 years but this is the direction that Tesla certainly is headed uh we believe that Tesla will be able to offer a service for 25 cents per mile and because of that we think there will be much more congestion in the roads when you cut the price of something you get more of it yeah and that led us into the air and so we've been stud studying EV talls um what's an EV tool ev tall is an electric vehicle takeoff and landing like a drone type a drone but for for people so we own Archer in our portfolio
""Kathy Wood mentions Archer as an EV tall company in their portfolio, indicating it as an investment in the future of transportation."