Overview

• Archer Aviation raised $215 million in new funding from investors including Stellantis, Boeing, United Airlines, and ARK Investment Management.
• Total funding for Archer Aviation has now reached over $1.1 billion.
• Archer aims to get FAA certification and start commercial eVTOL operations in 2025.
• Archer settled lawsuits filed in 2021 by Boeing's air taxi company Wisk over alleged theft of trade secrets and patent infringement.
• The new funding includes an acceleration of $70 million from Stellantis, with which Archer will collaborate on autonomous flight.