Archer Aviation partnered with Anduril to develop a hybrid VTOL military aircraft, and received $430 million in additional equity capital today. Participants in this funding round include Stellantis, United Airlines, and several new institutional investors, including 2PointZero, a subsidiary of UAE’S largest listed entity, IHC.
Archer’s latest eVTOL aircraft, the Midnight, can transport up to four passengers as well as one pilot, travel up to 100 miles on a single charge at 150 mph, and reach an altitude of 2,000 feet. It comes equipped with 12 electric propellers – 6 tilt-propellers with five blades for forward / VTOL flight and 6 fixed propellers with two blades for VTOL-only flight. Its tilt propellers are designed to spin on axes aligned with the oncoming air flow, which ensures low noise levels.
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The Archer team has deep expertise in the rapid design, engineering, and production of next-generation vertical-lift aircraft. With Anduril by our side, and this new influx of capital, we will accelerate the development and deployment of advanced aerospace technologies at scale,” said Adam Goldstein, founder and CEO of Archer.
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