Archer Aviation Raises $215 Million Funding Round | Aviation Week Network
Archer Aviation has raised a $215 million funding round led by automaker Stellantis.
Stay updated with breaking news from Beta Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Archer Aviation has raised a $215 million funding round led by automaker Stellantis.
The deadline for comments on the FAA’s proposed regulations for operations of powered-lift aircraft closed on Aug. 14.
The award is similar to one received by Joby Aviation in April to deliver and operate up to nine of its S4 eVTOL aircraft for the U.S. Air Force.
Officials say the company's all-electric aircraft are part of the country's transition to a clean energy economy.
For years, flying taxis have represented an exciting but distant dream, fueled in part by industry hype. Now they have a rollout plan and a target arrival date: 2028.