The Air Taxis manufacturer Archer Aviation said Tuesday that he raised $ 300 million in a financing round that consisted of institutional investors, including accounts administered by Blackrock.
Archer expects capital collection to help you accelerate the development of its hybrid aircraft platform and even more reinforce your balance.
“We are raising additional capital to help us invest in critical capabilities such as compounds and batteries to help us take this opportunity and more,” said executive director Adam Goldstein.
The additional capital raises the total liquidity of Archer about 1,000 million dollars today, said the company on Tuesday.
The company’s statement did not reveal the valuation to which the new capital was collected.
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Archer Aviation expects his operating expenses not to increase during the first quarter of 2025
The last collection of funds is produced in the middle of a cash crisis in the electric vertical take -off industry (Evtol), driven by technological and regulatory challenges. However, analysts believe that Archer is well positioned to support these difficulties and achieve certification.
The company previously raised $ 430 million in December through an offer of shares in which the Anduril Defense Technology company and existing investors, such as United Airlines and Stellantis, participated, as well as new sponsors, such as Wellington Management and Holding of ABU Dhabi Investments 2Pointzero.
Archer, based in Santa Clara, California, said in his preliminary results of the fourth quarter that his adjusted operating expenses were in line with his forecast rank from 95 to 110 million dollars.
He also said that he does not expect his total adjusted operating expenses for the first quarter of 2025 to increase materially above their range planned for the fourth quarter.
With Reuters information
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