Archer Aviation (ACHR) Eyes International Expansion with Serbia Deal

Archer Aviation Inc. (NYSE:ACHR) is one of Cathie Wood’s 10 stock picks with huge upside potential.

On January 21, 2026, Archer Aviation Inc. (NYSE:ACHR) announced a strategic partnership with the Government of the Republic of Serbia, solidifying its international expansion strategy and positioning the country as a key hub for electric air taxis in Europe.

The agreement comes as Serbia appointed Archer Aviation Inc. (NYSE:ACHR) as its preferred eVTOL partner, acquiring the option to purchase up to 25 Midnight aircraft. The move reflects meaningful demand for Archer’s technology. The deal was finalized at the World Economic Forum in Davos, Switzerland, where Serbian President Aleksandar Vučić and Archer Founder and CEO Adam Goldstein were also present.

Following this deal, Archer Aviation Inc. (NYSE:ACHR) will act as the official air taxi provider for EXPO 2027 Belgrade. The Expo will run from May through August 2027. The company will demonstrate its advanced air mobility to millions of international visitors. The partnership also complements Archer’s ongoing flight test program, certification activities, and public-private partnerships in various markets. The partnership also features strategic discussions on industrialization, which focuses on rare earth magnets and critical minerals for eVTOL batteries.

Archer Aviation Inc. (NYSE:ACHR) focuses on developing electric vertical takeoff and landing (eVTOL) aircraft. The company advances urban air mobility solutions through partnerships and flight testing, and has been commercializing its Midnight aircraft platform since 2018.

While we acknowledge the potential of ACHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.

Disclosure: None.