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About Archer
Industries
Automotive & Transportation
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
Overview
Archer designs and develops electric vertical takeoff and landing (eVTOL) aircraft aimed at transforming urban transportation. Their aircraft operate by taking off and landing vertically, which allows them to navigate congested city environments efficiently. Archer targets urban commuters, city planners, and transportation networks, offering eco-friendly solutions to improve urban mobility. Unlike traditional transportation methods, Archer's eVTOLs provide a sustainable alternative that reduces environmental impact. The company generates revenue through the sale of its aircraft and may also offer air taxi services in the future. Archer's goal is to lead the shift towards sustainable air mobility, making urban commuting more efficient and environmentally friendly.
Simplify's Take
What believers are saying
- Archer secured $300M for eVTOL development, enhancing manufacturing capabilities.
- FAA approval allows Archer to operate air taxis in Los Angeles by 2028.
- Archer's strong liquidity position supports its growth and innovation efforts.
What critics are saying
- Regulatory challenges from FAA and DOT may delay air taxi service deployment.
- Increased competition from Joby Aviation could challenge Archer's market position.
- Shift towards defense applications may divert focus from urban air mobility.
What makes Archer unique
- Archer focuses on sustainable urban air mobility with all-electric eVTOL aircraft.
- The company targets urban commuters with eco-friendly air taxi solutions.
- Archer combines direct aircraft sales with potential air taxi services for revenue.
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Funding
Total Funding
$2535.7M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Performance Bonus
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 5%2 year growth
↑ 2%Archer has raised $300 million for the development of its eVTOL manufacturing capabilities. For more information, contact [email protected] or call 888-707-5814 during business hours. Access to the full content requires a subscription or registration with Defense Daily.
Archer has raised an additional $300 million in equity capital to meet strong demand in the defense market for its hybrid aircraft. This funding, with participation from major investors like BlackRock, brings Archer's total liquidity to around $1 billion. The company launched Archer Defense to develop next-gen aircraft, with the first being a hybrid-propulsion, vertical-take-off-and-landing model. Archer's Q4 2024 GAAP operating expenses are estimated between $120 million and $140 million.
Archer Aviation Inc. has raised $300 million from Blackrock and other investors to enhance its focus on defense applications. The funding will support the development of Archer's hybrid aircraft platform and next-generation manufacturing capabilities, including batteries and composites. Archer, known for its electric flying taxi Midnight, has shifted towards defense, signing a $142 million contract with the U.S. Air Force and launching Archer Defense to develop advanced aircraft.
Archer Aviation, a San Jose, CA-based aviation technology company, raised additional $430M in additional equity capital
Archer Aviation secured a $430 million investment, with participation from Stellantis, United Airlines, and Wellington Management. This follows a $230 million round five months prior. The funds will aid in developing a hybrid military eVTOL with Anduril. Archer, listed via SPAC in 2021, has raised about $2 billion. The company ended Q3 with $502 million in cash and a market value of $3.1 billion. Archer's stock saw a slight dip but has risen 20.1% in 2024.
Archer is Hiring for 113 Jobs on Simplify!
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Aerospace Engineering
52 Open Roles
Mechanical Engineering
15 Open Roles
QA & Testing
11 Open Roles
IT & Security
5 Open Roles
Software Engineering
5 Open Roles
Electrical Engineering
4 Open Roles
Engineering Management
3 Open Roles
Data & Analytics
2 Open Roles
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About Archer
Industries
Automotive & Transportation
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
Archer is Hiring for 113 Jobs on Simplify!
Find jobs on Simplify and start your career today
Aerospace Engineering
52 Open Roles
Mechanical Engineering
15 Open Roles
QA & Testing
11 Open Roles
IT & Security
5 Open Roles
Software Engineering
5 Open Roles
Electrical Engineering
4 Open Roles
Engineering Management
3 Open Roles
Data & Analytics
2 Open Roles
People Also Viewed
Discover companies similar to Archer