Archer has secured over $300 million in funding, solidifying its financial foundation and positioning the company to accelerate the development of its hybrid aircraft platform, aimed at the defense sector and other markets.
This investment, totalling $301.75 million, was supported by prominent institutional investors, including funds managed by BlackRock, bringing Archer’s total liquidity to approximately $1 billion. This additional capital further strengthens the company’s financial outlook.
In December 2024, Archer launched Archer Defense, focused on creating advanced aircraft for military applications. The first innovation from this division is set to be a hybrid-powered, vertical-takeoff-and-landing (VTOL) aircraft. Supported by its enhanced financial position, Archer is said to be on track for successful commercialization.
Adam Goldstein, Founder and CEO of Archer, said, “I believe the opportunity for advanced vertical lift aircraft across defense appears to be substantially larger than I originally expected. As a result, we are raising additional capital to help us invest in critical capabilities like composites and batteries to help enable us to capture this opportunity and more.”
The company’s efforts are complemented by the completion of its ARC manufacturing facility, ongoing progress toward FAA certification, and the establishment of a cross-industry consortium in the UAE.
