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