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Archer Aviation Secures $850M Funding Ahead of eVTOL Program Participation
Archer Aviation Secures $850M Funding Ahead of eVTOL Program Participation
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Archer Aviation''s recent $850 million private placement, though dilutive, positions the company among the best-funded players in the emerging eVTOL sector. The capital raise comes as Archer prepares to join the WHITE House''s eVTOL Integration Pilot Program, with Canaccord analysts highlighting the strategic timing of the move.
The funding round saw 85 million shares sold at $10 apiece to institutional investors, netting $817.1 million. Archer''s war chest now approaches $1.8 billion - critical fuel for accelerating manufacturing and certification efforts. Analyst Austin Moeller ties the capital infusion to broader regulatory tailwinds, noting its alignment with recent executive orders aimed at fast-tracking urban air mobility projects.
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