Archer raises $430m following new Anduril partnership

news

Yves Le Marquand

12 Dec 24

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Anduril and Archer are to jointly develop a hybrid-VTOL aircraft for defence use cases, leading the eVTOL developer to raise a further $430m to support…

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Archer’s expenses soar in Q3 amid manufacturing ramp-up

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Fayaz Hussain

8 Nov 24

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Archer reported widening losses in the third quarter of 2024, as the eVTOL manufacturer continues its push toward commercialisation. The company’s net loss expanded to…

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BETA picks up momentum in Florida as three new chargers come online

news

Yves Le Marquand

19 Sep 24

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BETA hosted an event this week at Tallahassee International Airport to “recognise the momentum” being made towards AAM in Florida.  The electric aircraft and infrastructure…

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Archer and Future Flight Global announce order for 116 aircraft

news

Yves Le Marquand

13 Aug 24

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Archer Aviation has agreed an order for up to 116 Midnight eVTOL aircraft from US-based AAM operator Future Flight Global (FFG). If the agreement for…

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Archer narrows losses to $106.9m

news

Fayaz Hussain

9 Aug 24

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Archer Aviation has issued its share holder letter reporting second quarter loss of $106.9m, down from $116.5m in the first quarter of 2024. “This has…

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Archer’s Midnight flies first uncrewed transition flight

news

Yves Le Marquand

12 Jun 24

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  Archer has published visuals of the first full transition flight of its Midnight aircraft which took place on June 8th at its test facilities…

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Archer completes installation of ‘automotive style’ high-volume battery pack manufacturing line

news

Yves Le Marquand

13 May 24

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Archer has installed its high-volume battery pack manufacturing line at its integrated test lab and manufacturing facilities in San Jose, California. The new line will…

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Archer posts $116.5m loss in first quarter; maintains liquidity

news

Fayaz Hussain

10 May 24

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Archer Aviation announced first quarter shareholder report declaring a loss of $116.5m in the quarter while sharing progress on the development of its electric vertical…

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Archer makes key appointments for new D.C. office

news

Yves Le Marquand

18 Apr 24

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Archer Aviation is boosting its government relations efforts with a selection of appointments and the opening of a Washington D.C. office.  Current Archer executive and…

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Archer ends 2023 with clear path to certification

news

Yves Le Marquand

27 Feb 24

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Archer’s fourth quarter (Q4) 2023 results further affirm its pathway to certification, scaling and commercialisation. The eVTOL developer, with liquidity of $625m, is in the…

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Archer and NASA sign Space Act Agreement

news

Yves Le Marquand

23 Jan 24

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Archer has signed a Space Act Agreement with NASA to safety test the battery cells which will power its aircraft Midnight.  The agreement begins with…

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Atlantic Aviation agrees infrastructure deals with Joby and Archer

news

Yves Le Marquand

17 Jan 24

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Atlantic Aviation has announced deals with eVTOL race competitors Joby and Archer to explore development of electric aircraft infrastructure in multiple US regions.  Atlantic and…

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Case brought against Archer voluntarily dismissed

news

Yves Le Marquand

25 Oct 23

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Archer says a plaintiff in a federal securities case filed against the firm has voluntarily dismissed the action. Reacting to the dismissal, Andy Missan, Archer’s…

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Archer closes financing and building deals for Georgia factory

news

Yves Le Marquand

11 Oct 23

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Archer has closed agreements with Synovus Bank and Evans General Contractors for the financing and construction of its Covington, Georgia manufacturing facility.  Today’s news secures…

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Archer receives first instalment from US Air Force contracts

news

Yves Le Marquand

4 Oct 23

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Archer has got the first instalment worth nearly $1m from its recently announced contracts with the US Air Force (USAF). With a total value of…

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