Archer Aviation announced raising $850 million in funding, facilitated by executive orders from President Trump aimed at promoting electric air taxis and improving U.S. defenses against drones. Earlier, the company secured $300 million in funding from institutional investors, including BlackRock. Archer plans to establish an air taxi network in New York City in collaboration with United Airlines and has been designated as the official air taxi service for the upcoming 2028 Los Angeles Olympics, signaling significant advancements in urban air mobility.
Archer Aviation secured $850 million in funding following executive orders by President Trump aimed at advancing electric air taxis and countering hostile drones.
The funding follows a prior $300 million round led by institutional investors, with plans to develop a New York City air taxi network alongside United Airlines.
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