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Archer Aviation Closes $230M Funding Round, Strengthening its Position in the eVTOL Industry

Archer Avi­a­tion recent­ly announced the suc­cess­ful clo­sure of its pre­vi­ous­ly announced PIPE invest­ment, secur­ing a total of $230M in addi­tion­al cap­i­tal. With $220M already closed and the remain­ing $10M com­mit­ted by Stel­lan­tis pend­ing share­hold­er approval, Archer now boasts one of the strongest liq­uid­i­ty posi­tions in the eVTOL indus­try.

Strate­gic Part­ner­ships and Robust Finan­cial Back­ing

This lat­est fund­ing round saw par­tic­i­pa­tion from key strate­gic investors, includ­ing Unit­ed Air­lines and Stel­lan­tis, along­side oth­er insti­tu­tion­al investors. It is note­wor­thy that this marks Unit­ed Air­lines’ third invest­ment in Archer, high­light­ing their con­tin­ued con­fi­dence in the com­pa­ny’s vision.

Scal­ing Man­u­fac­tur­ing and Advanc­ing Com­mer­cial­iza­tion

Beyond the imme­di­ate finan­cial boost, Archer has also secured a strate­gic fund­ing arrange­ment with Stel­lan­tis. This part­ner­ship aims to lever­age Stel­lan­tis’ exper­tise in man­u­fac­tur­ing to scale the pro­duc­tion of Archer’s eVTOL air­craft, Mid­night. In exchange for Archer equi­ty at future stock prices, Stel­lan­tis will con­tribute up to $400M in labor and cap­i­tal expen­di­tures, enabling Archer to min­i­mize dilu­tion while accel­er­at­ing its path to com­mer­cial­iza­tion.

Archer’s Man­u­fac­tur­ing Facil­i­ty and Future Out­look

With its high-vol­ume man­u­fac­tur­ing facil­i­ty in Cov­ing­ton, GA, sched­uled to open by the end of the year, Archer is strate­gi­cal­ly posi­tioned to cap­i­tal­ize on this influx of cap­i­tal and strate­gic part­ner­ships. The com­pa­ny’s CEO and Founder, Adam Gold­stein, expressed con­fi­dence in Archer’s future, stat­ing that the renewed sup­port from part­ners like Unit­ed Air­lines and Stel­lan­tis solid­i­fies their lead­er­ship posi­tion in the indus­try.

Indus­try Mile­stones and Recog­ni­tion

This suc­cess­ful cap­i­tal raise fol­lows a series of sig­nif­i­cant mile­stones for Archer, includ­ing the announce­ment of its planned net­work in Los Ange­les, part­ner­ships with South­west Air­lines and Unit­ed Air­lines, a suc­cess­ful tran­si­tion flight, cer­ti­fi­ca­tion to oper­ate as a com­mer­cial air­line, and the deliv­ery of its first air­craft to the Unit­ed States Air Force.

Part­ing Thoughts

Archer Avi­a­tion’s recent $230M fund­ing round, cou­pled with its strate­gic part­ner­ships and impres­sive mile­stones, under­scores its com­mit­ment to rev­o­lu­tion­iz­ing urban air mobil­i­ty. As the com­pa­ny con­tin­ues to advance towards com­mer­cial­iza­tion, its robust finan­cial posi­tion and indus­try-lead­ing tech­nol­o­gy posi­tion it as a fron­trun­ner in the eVTOL space. The future of elec­tric avi­a­tion looks promis­ing, and Archer is undoubt­ed­ly at the helm of this excit­ing trans­for­ma­tion.

For more infor­ma­tion: Archer Avi­a­tion
For Investors: investors@archer.com

(Images: Archer@TheBrandAmp.com / The Brand Amp

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