Archer Aviation Inc. receives $55 million investment from Stellantis for eVTOL aircraft development
Amount Raised
$55 Million
Round Type
Venture
San JoseManufacturingAdvertisingTransportationAerospaceInvestors
Description
Archer Aviation Inc. has received an additional $55 million investment from Stellantis following the achievement of its transition flight test milestone. This investment builds on Stellantis' previous open market purchases of Archer's stock in March of this year.
Quick answer
Archer Aviation raised $55 Million in a funding round, dated July 2, 2024. Investors: Stellantis N.V. Archer Aviation is based in San Jose, California, United States.
- How much did Archer Aviation raise?
- Archer Aviation raised $55 Million in a funding round on July 2, 2024.
- Who invested in Archer Aviation?
- Stellantis N.V. is named as investors in this round.
- What does Archer Aviation do?
- Archer Aviation Inc. is a leader in electric vertical takeoff and landing (eVTOL) aircraft, dedicated to designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks.
- Where is Archer Aviation based and how big is it?
- Archer Aviation is based in San Jose, California, United States. Fundz records about 780 employees.
- Who are the decision-makers at Archer Aviation?
- Fundz holds 4 contacts at Archer Aviation, including the Founder and CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Advertising and Transportation around the same time
Companies in the same sectors as Archer Aviation that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Momentus raised an undisclosed amount (Convertible Note) on July 18, 2024.
- Isar Aerospace raised $20M (Debt Financing) on June 4, 2024.
- JetZero raised an undisclosed amount (Series A) on August 13, 2024.
- Deep Blue Aerospace raised an undisclosed amount (Private Equity) on August 13, 2024.
- Precision Aerospace & Defense Group raised $2.5M on July 31, 2024.
Who to call at Archer Aviation, and when
A new round usually means Archer Aviation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Archer Aviation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Archer Aviation, from your own LinkedIn network
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Related People
Archer Aviation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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