Archer Aviation has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $215,000,000.00 in Post-IPO Equity.
According to filings with the U.S. Securities and Exchange Commission, Archer Aviation is raising $215,000,000.00 in new funding. About Archer Aviation: Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in San Jose, California. We set ambitious goals. We make data-driven decisions, hold ourselves and each other accountable and are committed to relentless execution. We’re innovating in key areas of the technologies that enable the commercialization of eVTOL aircraft, such as the powertrain. We’re building a proprietary electric powertrain system that is significantly more power dense and higher efficiency than what is in the market today while maintaining a long service life. The powertrain system will be powered by existing mass production cells that are designed with the highest safety standards in mind at both the cell and pack level.
To learn more about Archer Aviation, visit http://www.archer.com/
Contact:
Adam Goldstein, Chief Executive Officer
650-272-3233
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