Highlights

  • ACHR secures USD 850 million through a direct offering of 85 million shares priced at $10.00 each.
  • The funding follows a U.S. Executive Order launching the eVTOL Integration Pilot Program, with which Archer Aviation plans to coordinate.
  • Proceeds will support Archer Aviation’s operations, infrastructure expansion, and AI-based aviation software development in the U.S. and UAE.

Archer Aviation Inc. (NYSE: ACHR) is a U.S.-based developer of electric vertical takeoff and landing aircraft focused on short-haul urban air mobility. The company is working on the development and certification of its Midnight aircraft and is engaged in partnerships across regulatory, infrastructure, and commercial domains to support its market entry.

The company has raised USD 850 million through a registered direct offering of its Class A common stock, following the announcement of an Executive Order by the White House establishing an electric vertical takeoff and landing (eVTOL) Integration Pilot Program in the United States.

The Executive Order, issued last week, aims to accelerate the safe and efficient deployment of eVTOL aircraft across the country. Archer plans to work in coordination with the White House, the U.S. Department of Transportation (DOT), and the Federal Aviation Administration (FAA) to align the program with its operational roadmap. The company intends to ramp up U.S.-based activities in preparation for its role as the Official Air Taxi Provider of the LA 28 Olympic Games and Team USA.

As part of its global expansion strategy, Archer is also participating in the Paris Air Show next week. The company will showcase its Midnight aircraft and host government and industry representatives from over 20 countries, including officials from the UAE, which represents the company’s initial international “Launch Edition” market. During the event, CEO and founder Adam Goldstein is scheduled to meet with U.S. Secretary of Transportation Sean P. Duffy and acting FAA Administrator Chris Rocheleau to discuss regulatory and commercial developments.

The newly announced financing includes the purchase and sale of 85 million shares of Archer’s Class A common stock at a price of USD 10.00 per share. The net proceeds are intended for general corporate purposes, including the buildout of commercial infrastructure and the development of an artificial intelligence-based aviation software platform. The funds will also support Archer’s previously announced operational initiatives in the United States and internationally.

The offering was made through an automatic shelf registration statement filed with the Securities and Exchange Commission (SEC) on February 11, 2025. Moelis & Company LLC acted as the exclusive placement agent in the transaction. The shares were offered under a Form S-3ASR (File No. 333-284812), which became automatically effective upon filing.

The company emphasized that the offering is not an offer to sell or a solicitation to buy any securities in jurisdictions where such actions would be unlawful. A prospectus supplement relating to the offering will be filed with the SEC.

This funding round significantly increases Archer’s available capital for its ongoing engineering, certification, and commercialization efforts. The company’s engagement with U.S. regulators is expected to be key in advancing the rollout of eVTOL aircraft, particularly in the context of the new pilot program.

Archer has stated that cross-industry cooperation, including with federal agencies and local stakeholders, will be essential for scaling the eVTOL sector nationally. The pilot program, as outlined by the White House, is intended to serve as a framework to guide eVTOL integration into national airspace and infrastructure planning.