Archer Aviation Secures $300M to Advance Hybrid Aircraft for Defense

The funding will accelerate development of a hybrid VTOL aircraft in partnership with Anduril, targeting military applications and a program of record with the Department of Defense.

• Archer Aviation has raised $300 million in equity funding from investors including BlackRock, bringing its total liquidity to over $1 billion.
• The funding will primarily support the development of a hybrid gas-and-electric VTOL aircraft for defense purposes, in collaboration with Anduril Industries.
• Archer aims to secure a program of record with the Department of Defense, which would guarantee funding and provide a path to scale its defense-focused operations.
• The company is simultaneously working toward FAA certification and plans to launch its Midnight eVTOL air taxi network commercially by late 2025, starting in the UAE.
• Archer's Georgia manufacturing facility is nearing completion, with plans to produce 8-10 aircraft this year and scale up to 650 annually by 2030.

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