Renaissance Capital Alliance, LLC’s Post

"Air-taxi maker Archer Aviation, said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Shares of Archer were down 4% in early trading. Existing investors United Airlines, and Stellantis, as well as new backers such as Wellington Management and Abu Dhabi investment holding company 2PointZero participated in the fundraising, which was through an equity offering. Anduril, which was founded by entrepreneur Palmer Luckey, and Archer said the aircraft would target a potential 'program of record' — a government approved and authorized acquisition program — from the Pentagon. The companies did not disclose any details of the vertical takeoff and landing aircraft, including its target entry-into-service date or the investment involved." #anduril #archer #evtol #defense #equipmentfinance #equipmentleasing #finance #corporatefinance #financialservices https://lnkd.in/eYW6UEqa

Archer Aviation raises $430 mln through equity offering, partners with Anduril

Archer Aviation raises $430 mln through equity offering, partners with Anduril

reuters.com

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