Manufacturer is developing a “next-generation” hybrid-electric, vertical takeoff and landing (VTOL) aircraft for defense applications.

Escalating geopolitical tensions and a new administration with a hawkish defense agenda have led many startups to embrace dual-use strategies to secure

Air-taxi maker Archer Aviation said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock. Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet.

Advanced Air Mobility developer Archer Aviation has closed a new $300M funding round from Blackrock and other institutional investors

Electric aircraft company Archer Aviation has raised another $300 million in equity to develop its tech for the defense market including a hybrid aircraft. Why it matters: National security has emerged as a lucrative source of funding amidst a broader slowdown in mobility and climate.

Electric vertical takeoff and landing aircraft company Archer Aviation Inc. announced today that it has raised $300 million in new funding via an equity capital raise. The $300 million in funding, raised through a securities purchase agreement,