Charged EVs | Archer Aviation raises $850 million to accelerate US eVTOL rollout

Archer Aviation has secured $850 million in new capital following the Trump administration’s recent executive order creating an eVTOL Integration Pilot Program to accelerate the deployment of electric vertical takeoff and landing (eVTOL) aircraft in the US. This funding brings Archer’s total liquidity to approximately $2 billion, reinforcing its position ahead of its planned electric air-taxi operations at the LA 2028 Olympic Games, where it will serve as the Official Air Taxi Provider.

The additional funding was raised through the sale of 85 million shares of Archer’s Class A common stock in a registered direct offering, priced at $10 per share, with Moelis and Company acting as the exclusive placement agent for the transaction. Archer says that it will allocate proceeds chiefly towards establishing infrastructure for its commercial eVTOL operations in the US and selected international “Launch Edition” markets, including the UAE, as well as developing its artificial intelligence-based aviation software platform.

“This Executive Order is a seminal moment for Archer and the eVTOL industry,” said Adam Goldstein, CEO and founder of Archer. “We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad.”

Source: Archer Aviation