Full-Time
Designs and develops electric vertical takeoff aircraft
$189.6k - $227.5k/yr
Mid, Senior
No H1B Sponsorship
San Jose, CA, USA
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 urban environments efficiently. This technology is particularly beneficial in cities where traditional transportation methods are often slow and contribute to pollution. Archer targets urban commuters, city planners, and transportation networks, offering them eco-friendly solutions to integrate into their infrastructure. Unlike many competitors, Archer not only sells its eVTOL aircraft but also plans to offer services like air taxi operations in the future. The company's goal is to promote sustainable air mobility and provide a glimpse into the future of urban commuting.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Jose, California
Founded
2020
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Today Archer Aviation Inc. (NYSE: ACHR) raised an additional $850M following the White House’s announcement last week of an Executive Order by President Trum...
Archer Aviation, manufacturer of all-electric evtol aircrafts. Here you'll find information about their funding, investors and team.
Visa and Mastercard stocks are under pressure due to reports of Amazon and Walmart exploring stablecoin options, potentially impacting transaction fees. Archer Aviation raised $850 million through a direct offering of 85 million shares at $10 each, aiming to expand domestic and international initiatives. GM's EV sales surged over 200% in April, while Tesla's US EV registrations fell by 16%, amid declining popularity in Europe and China.
Archer Aviation's shares fell 14.1% to $10.08 premarket after announcing an $850 million direct stock deal. The company sold 85 million shares at $10 each, a 14.7% discount to the last close. This raises Archer's total liquidity to approximately $2 billion. The funds will be used for general purposes, focusing on commercial capabilities and AI-based aviation software. Archer has a market cap of $6.4 billion and is rated "buy" by 7 of 9 analysts, with a median price target of $13.
Archer Aviation Inc. raised $850 million following a White House Executive Order by President Trump to accelerate eVTOL deployment in the U.S. The funding strengthens Archer's liquidity to approximately $2 billion, supporting its engineering, certification, and commercialization efforts. Archer plans to coordinate with U.S. authorities for the eVTOL Integration Pilot Program and aims to be the Official Air Taxi Provider for the LA 28 Olympic Games. The shares were offered at $10.00 each.