Archer Aviation this week announced that it has now closed on $220M of this $230M of additional capital raised since the end of Q2, with $10M remaining in the form of a committed investment from Stellantis that remains subject to shareholder approval which is expected to occur later this year.

Archer is a leader in the electrification of aviation. Archer is designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Their goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world.