Finance, Taxes, Insurance
Archer Raises Capital To Exploit Military Demand for VTOL Aircraft
Meanwhile, ‘technical delays’ raise questions over efforts to relaunch Lilium’s eVTOL progradm
Archer Midnight eVTOL aircraft with U.S. Air Force
In 2024, the U.S. Air Force evaluated Archer’s Midnight eVTOL aircraft, and now the manufacturer is working on plans for a hybrid-electric VTOL aircraft. © Archer Aviation

Archer Aviation has raised a further $300 million, boosting available cash to complete type certification of its Midnight eVTOL aircraft. On February 11, the company announced that backing from institutional investors, including BlackRock, has taken its liquidity tally to around $1 billion.

The new capital was raised through an offering of 35.5 million Class A shares in Archer at a price of $8.50. This raised $301.75 million, before deductions for fees and expenses.