(Tiper Stock Exchange) – Archer Aviationa US company active in the field of electric vertical take-off and landing (eVTOL) aircraft, has made a ad series which strengthen his path to FAA certification and commercial operations in 2025.
In particular, Archer got a equity investment of $215 million by giants like Stellantis, boeing And United Airlinesas well as other financial institutions, including ARK Invest, raising the firm’s total funding to more than $1.1 billion to date. Additionally, it received FAA approval to begin flying its Midnight eVTOL aircraft and achieved a agreement with Boeing and Wisk to start an autonomous flight collaboration e resolve the dispute between the companies. Finally, he announced that he is on track to complete what he believes will be the first delivery of eVTOL aircraft to a customer as part of his recently announced contracts with the Department of Defense (DoD).
Going into the details of the equity investment, the company explained that it was led by Stellantis, a long-term strategic partner of Archer. The investment round includes a$70 million acceleration from Stellantis under the strategic financing agreement entered into in January 2023, with $55 million remaining available under that facility. “L’Stellantis commitment was unmatchedfrom his foresight to provide the manufacturing expertise and capital needed to accelerate Archer’s business goals, to the strategic vision and ongoing support of CEO Carlos Tavares and Chief Engineering and Technology Officer Ned Curic,” it said.
“Over the past quarter, we have seen the US government firmly commit to America leading the way in commercializing eVTOL aircraft, the FAA validating the timeline for US eVTOL aircraft operations to begin in 2025, and leaders in the mobility industry, Stellantis, United Airlines and Boeing, have teamed up to invest in Archer’s future,” said CEO Adam Goldstein. The pace at which our industry is moving forward is unprecedented“.