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Full-Time
Confirmed live in the last 24 hours
Designs and develops electric vertical takeoff aircraft
$115.3k - $135.6k/yr
Expert
No H1B Sponsorship
San Jose, CA, USA
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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 reduce the environmental impact of traditional transportation. Unlike many competitors, Archer combines the sale of its eVTOL aircraft with plans for future air taxi services, creating a comprehensive approach to urban air mobility. The company's goal is to promote sustainable air mobility and improve urban commuting experiences.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
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Performance Bonus
Geode Capital Management LLC boosted its holdings in Archer Aviation Inc. (NYSE:ACHR - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,835,128 shares of the company's stock after acquir
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