Archer expects to deliver first revenue generating aircraft this year news Yves Le Marquand 28 Feb 25 0 Archer Aviation said its expects to deliver its first revenue generating eVTOL aircraft later this year to helicopter operator Abu Dhabi Aviation. The eVTOL aircraft… Read more
Archer raises $300m to further defence venture news Yves Le Marquand 11 Feb 25 0 Archer has raised $301.75m to continue development of its hybrid aircraft platform designed initially for the defence market. This raise, lead by investors including BlackRock,… Read more
Archer raises $430m following new Anduril partnership news Yves Le Marquand 12 Dec 24 0 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… Read more
Archer’s expenses soar in Q3 amid manufacturing ramp-up news Fayaz Hussain 8 Nov 24 0 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… Read more
BETA picks up momentum in Florida as three new chargers come online news Yves Le Marquand 19 Sep 24 0 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… Read more
Archer and Future Flight Global announce order for 116 aircraft news Yves Le Marquand 13 Aug 24 0 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… Read more
Archer narrows losses to $106.9m news Fayaz Hussain 9 Aug 24 0 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… Read more
Archer’s Midnight flies first uncrewed transition flight news Yves Le Marquand 12 Jun 24 0 Archer has published visuals of the first full transition flight of its Midnight aircraft which took place on June 8th at its test facilities… Read more
Archer completes installation of ‘automotive style’ high-volume battery pack manufacturing line news Yves Le Marquand 13 May 24 0 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… Read more
Archer posts $116.5m loss in first quarter; maintains liquidity news Fayaz Hussain 10 May 24 0 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… Read more
Archer makes key appointments for new D.C. office news Yves Le Marquand 18 Apr 24 0 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… Read more
Archer ends 2023 with clear path to certification news Yves Le Marquand 27 Feb 24 0 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… Read more
Archer and NASA sign Space Act Agreement news Yves Le Marquand 23 Jan 24 0 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… Read more
Atlantic Aviation agrees infrastructure deals with Joby and Archer news Yves Le Marquand 17 Jan 24 0 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… Read more
Case brought against Archer voluntarily dismissed news Yves Le Marquand 25 Oct 23 0 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… Read more