Archer Aviation announced on Thursday that it has raised $850 million in new funding.
This follows executive orders signed by U.S. President Donald Trump aimed at promoting electric air taxis. The orders also support stronger defenses against hostile drones and the development of supersonic commercial aircraft.
Earlier this year, Archer secured $300 million from institutional investors, including BlackRock. The company plans to launch an air taxi network in New York City in partnership with United Airlines. Archer was also named the official air taxi provider for the 2028 Los Angeles Olympics.
The recent funding was raised through the sale of 85 million shares at $10 each. Archer will use the proceeds to develop commercial infrastructure, expand global markets, and build an AI-based aviation software platform. The company’s total liquidity now stands at about $2 billion.
Archer’s CEO, Adam Goldstein, called the executive order a turning point for the company and the eVTOL (electric vertical takeoff and landing) industry. Archer is working closely with the White House, Department of Transportation, and Federal Aviation Administration to integrate eVTOL aircraft into U.S. infrastructure.
Next week, Archer will present its Midnight aircraft at the Paris Air Show, meeting officials from over 20 countries. The company views cross-industry partnerships as key to leading the eVTOL market worldwide.
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