(AOF) – Archer Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, has made a series of announcements that solidify its path to FAA certification and commercial operations in 2025. Archer has secured an investment in capital of $215 million from industry leaders Stellantis, Boeing and United Airlines, as well as other financial institutions, including ARK Invest, bringing the company’s total funding to more than 1.1 billion dollars to date.
The group has received FAA approval to begin flying its eVTOL Midnight aircraft, and has reached an agreement with Boeing and Wisk to engage in autonomous flight collaboration and settle disputes between the companies.
Additionally, Archer announced that it is on track to complete what it believes will be the first delivery of an eVTOL aircraft to a customer under its recently announced contracts with the Department of Defense (DoD).
These announcements follow the administrator’s departure from the FAA to join Archer and the DoD awarding Archer the highest total contract value of any eVTOL aircraft company.