Archer Aviation raises $430 million through equity offering, partners with Anduril

Archer Aviation Raises $430 Million Through Share Offering, Partners With Anduril

One of the best known air taxi companies got fresh capital and an angreement to work with the defense technology company, which specializes in autonomous systems.

Palmer Luckey's Anduril partners with Archer Aviation to develop "next-gen" vertical takeoff vehicles for the US military

Anduril CEO Palmer Luckey.PATRICK T. FALLON/Getty ImagesAnduril and Archer are partnering to develop military vertical takeoff and landing aircraft.Anduril, known for AI military tech, has secured multimillion-dollar US contracts.Archer has specialized in electric tiltrotor aircraft for urban use.Tech entrepreneur Palmer Luckey's Anduril is teaming up with Archer Aviation to create a new generation of vertical takeoff aircraft it hopes to sell t…

Archer, Anduril to develop next-gen defense aircraft

Archer Aviation and Anduril Industries on Thursday announced a new partnership that will see the two companies build a next-generation aircraft for defense applications.The announcement noted that the first product to be developed by the partnership will be a hybrid-propulsion, vertical-takeoff-and-landing (VTOL) aircraft that would target a potential program of record from the Department of Defense (DOD). Archer will also create a new division …

Archer Aviation raises $430 million through equity offering, partners with Anduril

(Reuters) – Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Existing investors United Airlines and Stellantis as well as new backers such as Wellington Management and Abu Dhabi investment holding company 2PointZero participated in the fundraising, which was through an equity offering. Anduril, whi…

Archer teams up with Anduril and raises $430 million to build defense aircraft

Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown.  Archer Aviation wants in on the action.  The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has […] © 2024 TechCrunch. All rights reserved. For personal use only.

Archer Aviation reveals $430m raised for new business including defense arm

Archer Aviation has signed an exclusive agreement with Anduril Industries to develop a next-generation hybrid VTO military aircraft.The post Archer Aviation reveals $430m raised for new business including defense arm appeared first on Airport Technology.