Archer Aviation has raised $850 million in new funding to accelerate the deployment of electric vertical takeoff and landing (eVTOL) aircraft in the US.
This funding follows the recent executive order by the Trump administration, creating an eVTOL Integration Pilot Program to facilitate eVTOL operations.
The additional capital strengthens Archer’s total liquidity to about $2 billion, positioning the company for its planned electric air-taxi operations at the LA 2028 Olympic Games.
Archer intends to utilize the funds to establish infrastructure for commercial eVTOL operations in the US and international markets and further develop its AI-based aviation software platform.