Mentioned:
Archer Aviation believes air taxis are going to disrupt transportation forever. Which is exactly why they’ve just raised nearly a billion dollars to ramp up their expansion plans.
What’s happening:
- Archer Aviation (NYSE: ACHR) has successfully raised $850M USD in a new equity financing round
By the numbers:
- Archer Aviation sold 85,000,000 common shares at $10.00 USD per share in the new funding round
Why it matters:
- Archer Aviation is one of the most advanced publicly traded companies in the world focused on electric vertical takeoff and landing aircraft and is collaborating with the American government to roll out their electric air taxis into cities in the United States
Going deeper:
- The United States federal government just recently made political waves with President Donald Trump signing a new executive order to accelerate innovation in electric vertical takeoff and landing aircraft as well as requiring new regulatory frameworks to be developed by the Federal Aviation Administration for electric air taxis
- Archer Aviation has also been beginning to land meaningful commercial deals for their electric vertical takeoff and landing aircraft, including previously striking a $30M USD deal with Ethiopian Airlines to bring their Midnight electric air taxis into Africa for the first time ever
The intrigue:
- Palantir (NASDAQ: PLTR) and Archer Aviation have also been closely collaborating on using Palantir’s Foundry and AIP technology platforms to scale up Archer Aviation’s manufacturing at both their Silicon Valley and Georgia facilities
