00:00 So just recently Archer just announced an agreement with Abu Dhabi Investment Office
00:08 and we are part of SAVI, an initiative for autonomous smart vehicles
00:13 where Archer, Abu Dhabi Investment Office and other companies are working together
00:18 to bring the flying taxi to UAE by 2026.
00:22 The agreement covers several areas,
00:24 one of which is the establishment and customization of the flying taxi's network
00:29 and also the ability to provide the area with research and development facilities and others.
00:33 Midnight is a vertical take-off and landing vehicle,
00:36 it takes off and lands like a helicopter,
00:38 and it is equipped with two wings like a normal plane.
00:41 It has the ability to carry a plane and four passengers
00:43 and it can fly up to 150 miles per hour or 100.
00:47 It connects different areas like Abu Dhabi or from the airport to the Palm Island
00:52 or from Dubai to Abu Dhabi and we are moving in this direction.
00:55 It is a new sector that has just begun to enter the markets
00:58 and the first stage is the organizational side,
01:00 that is, setting the rules and regulations that we will work through
01:03 and then we will bring a group of players
01:06 who helped launch this project on the real world.
01:09 There are many sides working with us,
01:11 there are those who work on infrastructure
01:13 and those who work on the preparation of the electrical grid and the organizational side.
01:17 And at the end of the day, there is the consumer who will be with us on this journey.
01:22 Our agreement with Stellantis is based on what is seen.
01:25 Stellantis has been a partner of Archer since the beginning.
01:27 They are investors and they are the ones who provide us with a hand in the manufacturing process.
01:32 We announced our joint work in building a factory in the United States in Georgia,
01:37 where we are planning to build a factory that can support 650 aircraft in one year.
01:43 We announced our joint work in building a factory in the United States in Georgia,
01:46 where we are planning to build a factory that can support 650 aircraft in one year.
