Advanced air mobility developer Archer Aviation announced on February 11, 2025, that it has closed an additional U$301.75 million funding round from a number of private and institutional investors, including renowned investment firm BlackRock.
These new investors will receive 35,500,000 shares of Archer’s Class A common stock at a price of $8.50 per share. This pricing, which is slightly lower than the closing price of the stock at the time of the announcement, is based on a weighted average of Archer’s stock price in the last few months.
With the new round, Archer strengthens its cash position, which is already north of US$1 billion, at a time when some other eVTOL developers are facing a liquidity crunch.
The eVTOL startup intends to use these funds primarily to continue investing in its industrial production capacity. Archer completed the construction of a 400,000 square foot assembly plant in Covington, Georgia, in December 2024.
Archer is also considering opportunities to build manufacturing capabilities in the United Arab Emirates (UAE), following the signature of a strategic partnership with Abu Dhabi’s sovereign wealth fund, Mubadala, which also took place in December 2024.
Earlier in February 2025, Archer’s CEO told UAE news outlet The National that the Californian company will be ready to launch operations in Abu Dhabi as early as 2025, provided it secures the required regulatory approval.
