Archer Aviation has raised an additional $850 million following the White House’s recent announcement of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program in the United States. This program is focused on accelerating the deployment of eVTOL ( electric vertical take-off and landing) aircraft in the U.S.
Archer intends to closely coordinate with the White House, Department of Transportation and the Federal Aviation Administration on how this can integrate into Archer’s plans to ramp its operations in the U.S. ahead of the LA 28 Olympic Games at which Archer will serve as the official air taxi provider of the Olympic Games and Team USA. Archer believes cross-industry collaboration will be the key to the success of the eVTOL Integration Pilot Program and the U.S. achieving its goal of “dominance” within this new category of aircraft.
This week, Archer is at the Paris Air Show showcasing its Midnight aircraft and hosting delegations from more than 20 countries, including leadership from partner organizations in the U.A.E., Archer’s first target “Launch Edition” market. Archer CEO and founder Adam Goldstein is set to meet with the United States Secretary of Transportation, Sean P. Duffy, and acting FAA administrator, Chris Rocheleau, while at the show.
This new capital, the Archer says, bolsters its already strong balance sheet and cements the company’s position of leading the industry with a pro forma liquidity position of approximately $2 billion. With this fortress balance sheet, Archer is strategically positioned to execute across its engineering, certification and commercialization efforts, both in the United States and abroad.
Financing was provided for the purchase and sale of 85,000,000 shares of Archer’s Class A common stock at $10 per share through a registered direct offering. Net proceeds will be used for general corporate purposes, with a focus on expanding Archer’s commercial capabilities, particularly infrastructure to support its recently announced initiatives in the U.S. and “Launch Edition” markets, and developing an AI-based aviation software platform. The shares of Class A common stock were offered pursuant to an automatic shelf registration statement on Form S-3ASR (File No. 333-284812) filed with the United States Securities and Exchange Commission (“SEC”) on February 11, 2025, which became automatically effective upon filing. Moelis & Company is acting as the exclusive placement agent in connection with this offering.
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