Archer is a leading aerospace company developing cutting-edge electric vertical take-off and landing (eVTOL) aircraft designed for efficient urban air mobility. Combining aerodynamics, lightweight design, and autonomous safety systems, Archer’s aircraft achieve speeds up to 150 mph and optimize noise reduction and maintenance efficiency. With integrated infotainment, altitude, and air data systems, Archer aims to redefine sustainable air transportation.
What Is Archer and What Does It Do?
Archer, founded in 2018 by Brett Adcock and Adam Goldstein, is a San Jose-based (United States) aerospace and electric vehicle company. Archer employs around 424 people as of December 2022. The company specializes in the development of electric-powered VTOL aircraft designed to make short-range air travel more sustainable and efficient.
Its platform integrates smart control systems, multiple rotors, and AI-assisted navigation to enhance flight safety and user experience. Archer’s focus lies in transforming intercity mobility with cleaner, quieter, and cost-effective air transportation solutions.
How Much Funding Has Archer Raised?
1. Post IPO Round
- Amount Raised: $850M
- Date: June 2025
- Motivation: To expand production capacity and accelerate certification of its eVTOL fleet.
2. Post IPO Round
- Amount Raised: $430M
- Date: December 2024
- Lead Investors: Stellantis, United Airlines, Wellington
- Motivation: To enhance manufacturing capabilities and strengthen strategic partnerships.
3. Post IPO Round
- Amount Raised: $220M
- Date: August 2024
- Lead Investors: United Airlines, Stellantis
- Motivation: To fund R&D for advanced battery and propulsion systems.
Total Funding Raised: $1.93 Billion
Latest Funding Date: June 2025
Key Investors
1. Wellington
- Details: A global investment management firm investing in growth-stage and public companies.
- Investment Focus Areas: Aerospace, sustainability, and energy innovation.
- Notable Investments: SpaceX, Archer, Rivian.
2. Stellantis
- Details: A multinational automotive manufacturer supporting next-gen mobility and electrification startups.
- Investment Focus Areas: Electric mobility, autonomous vehicles, and transportation technology.
- Notable Investments: Archer, Factorial Energy, Solid Power.
3. United Airlines
- Details: A leading U.S. airline investing in sustainable aviation and electric air mobility ventures.
- Investment Focus Areas: eVTOL, aviation sustainability, and mobility tech.
- Notable Investments: Archer, Boom Supersonic, Heart Aerospace.
Where Is Archer’s Headquarters?
Archer is headquartered in San Jose, California, a global hub for technology, aerospace, and electric innovation. The Silicon Valley proximity provides access to world-class engineering talent, manufacturing ecosystems, and strategic partnerships that fuel Archer’s advancements in eVTOL design and testing.
What’s Next for Archer?
Archer aims to scale production of its Midnight aircraft, finalize FAA certification, and expand commercial flight routes in major U.S. cities by 2026. The company continues to deepen partnerships with United Airlines and Stellantis to advance sustainable aviation.
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