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Archer Aviation raises $850 million to accelerate US eVTOL rollout

  • 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.

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