Republic of Serbia Aims to Catalyze European Adoption of Air Taxis, Selects Archer as Preferred Partner

Archer Aviation Inc. (NYSE: ACHR) today announced a partnership with the Government of the Republic of Serbia as the country seeks to play a key role in driving the adoption of electric air taxis across Europe. Under the agreement, Serbia has selected Archer as its preferred eVTOL partner and has the option to purchase an initial fleet of Midnight aircraft. The agreement provides for the purchase of up to 25 aircraft, in accordance with the applicable legal framework.

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Archer Founder and CEO Adam Goldstein and Chief Commercial Officer Nikhil Goel at the World Economic Forum in Davos, Switzerland with representatives from the Republic of Serbia.

The agreement was signed at the World Economic Forum in Davos, Switzerland in the presence of the President of Serbia, Aleksandar Vučić, and Archer Founder and CEO Adam Goldstein, formally establishing Archer as Serbia’s preferred air taxi partner.

This collaboration builds on Archer’s already announced public-private partnerships to launch air taxis in other international markets, including the United Arab Emirates, Saudi Arabia, India, Japan and Korea.

As part of the partnership, Archer will serve as the official air taxi partner for EXPO 2027 Belgrade, which will take place from May through August 2027. Serbia plans to use the event as a showcase of next-generation transportation, demonstrating the benefits of advanced air mobility to the global audience in attendance.

Serbia was selected to host EXPO 2027 following a competitive international process and is expected to welcome millions of visitors from more than 130 countries. The event is set to drive major investment in infrastructure and transportation, leaving a lasting legacy for Belgrade and the broader region.

“When we were given the opportunity to host such a significant event as Belgrade Expo 2027, we knew that we wanted to take a step forward when it comes to new technologies, technological innovations, artificial intelligence and more. That is why it was important for us to bring the first air taxis to Belgrade, and we look forward to fulfilling that promise,” said First Deputy Prime Minister and Minister of Finance Siniša Mali, who signed the contract on behalf of the Government of the Republic of Serbia.