![Archer Aviation Raises $215 Million, Midnight eVTOL Special Airworthiness Certificate](https://dronelife.com/wp-content/uploads/2023/08/image001-16-300x199.jpg)
by DRONELIFE Staff Author Ian J. McNabb
Archer Aviation, a sophisticated air mobility company based out of Santa Clara, California, recently announced $215 million in recent funding from Stellantis, Boeing, United Airlines, and ARK Investment Management, accelerating their path to market. At the identical time, they announced that their Midnight eVTOL received its Special Airworthiness Certificate from the FAA, allowing for test flights to start. This essential step followed the December reveal of airworthiness criteria from the FAA and after a July visit from the Federal Advanced Air Mobility interagency working group, and may shore up investor confidence that their aggressive release timeline (Archer has announced they seek to have a product in the marketplace as soon as 2025) will be achieved.
Archer Aviation has been among the many class leaders within the American eVTOL market, recently receiving a record eVTOL contract price as much as $142 million with the Department of Defense to amass its Midnight units for the U.S. Air Force, the primary of which can be delivered as soon as later this yr or early next yr. They consider that this can be the primary eVTOL ever delivered to a customer, a monumental achievement for the quickly expanding AAM space. At the identical time, they announced that an ongoing legal dispute between themselves, Wisk, one other advanced air mobility company, and Boeing had been settled, giving Archer access to Wisk’s advanced autonomous capabilities for its own units.
“Over the past quarter, we’ve seen the U.S. government make an unwavering commitment that America will prepared the ground in commercializing eVTOL aircraft, the FAA validated the timeline for eVTOL aircraft to start operations within the U.S. in 2025, and leaders within the mobility industry, Stellantis, United Airlines and Boeing, have come together to take a position in Archer’s future,” said Adam Goldstein, Archer’s Founder and CEO, in an announcement. “The pace at which our industry is advancing is unprecedented. Our team’s labor and dedication have brought us to this exciting moment, and we will’t wait to see Midnight soar,”.
Large-scale production of the brand new units will begin in Covington, GA, in mid-2024, in collaboration with Stellantis.
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