Archer secures US$215 million from various investors

Archer Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, has reported operating and financial results for the second-quarter ended June 30, 2023. The company reported total operating expenses of US$181.4 million and a net loss of US$-184.1 million. Cash, cash equivalents and short-term investments stood at US$407.6 million at the end of June. […]

U.S. Air Force and Archer enter into contracts worth up to US$142 million representing landmark investment in eVTOL technology by U.S. Military

U.S. Air Force partners with Archer Aviation in US$142 million contract

Military & Defense

Archer Aviation, a pioneer in electric vertical take-off and landing (eVTOL) aircraft, has achieved a significant milestone by entering into new contracts with the U.S. Air Force, amounting to a total value of up to US$142 million (£111 million). This landmark investment by the U.S. military underscores the transformative potential of Archer’s innovative eVTOL technology

U.S. Air Force partners with Archer Aviation in US$142 million contract Read More »

Archer secures US$215 million from various investors

U.S. Air Force partners with Archer Aviation in US$142 million contract

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