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Two months after raising $430 million in conjunction with its accelerated expansion into the defense market, Archer Aviation, the electric vertical take-off and landing developer, has raked in another $300 million in equity capital from investors who are particularly enthusiastic about the prospects for Archer Defense.
Archer said the gross proceeds from its latest capital raises (before associated fees and expenses) bring its total liquidity position to around $1 billion. This is after accounting for its fourth-quarter 2024 operating expenses, which it estimates at $95 million to $110 million, or $120 million to $140 million using generally accepted accounting principles (GAAP).
Related: Archer Aviation CEO delves into the strategy behind Anduril deal
In an interview with The Air Current, Archer CEO Adam Goldstein said that the same factors that supported the company’s December capital raise continue to drive investor interest. These include the high expectations for defense technology company Anduril Industries — which has partnered with Archer on development of a hybrid-electric VTOL military aircraft — and the belief that the second administration of President Donald Trump, heavily influenced by SpaceX and Tesla CEO Elon Musk, will look especially favorably on upstart defense contractors that promise to work faster and more efficiently than the traditional defense primes, especially when it comes to autonomous concepts.
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