Cometh the Midnight Hour
Archer Aviation, the California-based designer of electric Vertical Take-Off and Landing (eVTOL) aircraft, has secured a $215-million equity investment from Stellantis—an American-Italian-French multinational automotive manufacturing corporation—Boeing, United Airlines, and a number of financial institutions including ARK Invest. The capital infusion boosts Archer’s total to-date funding to over $1.1-billion. Furthermore, the FAA has granted Archer approval to commence flight-testing of its Midnight eVTOL aircraft. Additionally, Archer has reached an agreement with Boeing and Wisk by which the three concerns will enter into an autonomous flight collaboration and settle pending litigation. Finally, Archer