Archer Aviation News

eVTOL Insights • Jason Pritchard

Vertical Aerospace Taps Olsen for VA-1X Actuation Systems

Olsen Actuators and Drives has been selected by Vertical Aerospace to supply the primary flight control actuation systems for the VA-1X prototype eVTOL aircraft. This collaboration marks a pivotal advancement with the inaugural tethered piloted flight recently completed.

2024-09-12T00:03:29.746132-07:00

Bloomberg

Vertical Aerospace Seeks Funding After Founder Delays Cash Injection

2024-09-04T12:00:28.451481-07:00

Vertical Mag

Archer Completes 402 Test Flights for Midnight eVTOL Ahead of Schedule

2024-09-03T08:20:56.123945-07:00

aerospaceglobalnews.com

Archer Closes $220M Funding Round; $10M from Stellantis Pending Approval

2024-08-22T09:49:57.624939-07:00

Archer Aviation News Timeline

eVTOL Insights

Vertical Aerospace Taps Olsen for VA-1X Actuation Systems Olsen Actuators and Drives has been selected by Vertical Aerospace to supply the primary flight control actuation systems for the VA-1X prototype eVTOL aircraft. This collaboration marks a pivotal advancement with the inaugural tethered piloted flight recently completed.

2024-09-12T00:03:29.746132-07:00

Vertical Aerospace Taps Olsen for VA-1X Actuation Systems

Bloomberg

Vertical Aerospace Seeks Funding After Founder Delays Cash Injection Vertical Aerospace is actively pursuing alternative funding sources following a delay in expected capital from founder Stephen Fitzpatrick. This is crucial for continuing the development and testing of their inaugural eVTOL model, according to sources familiar with the situation.

2024-09-04T12:00:28.451481-07:00

Vertical Aerospace Seeks Funding After Founder Delays Cash Injection

Vertical Mag

Archer Completes 402 Test Flights for Midnight eVTOL Ahead of Schedule Archer Aviation has achieved a major milestone by completing 402 test flights of its Midnight eVTOL prototype, four months ahead of its 2024 schedule. This feat marks significant progress in Archer's preparations for FAA for-credit flight testing.

2024-09-03T08:20:56.123945-07:00

Archer Completes 402 Test Flights for Midnight eVTOL Ahead of Schedule

Aviation Week

Archer Set to Roll Out First Conforming eVTOL Midnight Air Taxi Archer Aviation is poised to debut its inaugural conforming Midnight air taxi in Q4. This milestone represents a significant step forward in the development of urban air mobility, positioning Archer as a key player in the rapidly evolving electric vertical takeoff and landing (eVTOL) market.

2024-08-29T17:12:35.887798-07:00

Archer Set to Roll Out First Conforming eVTOL Midnight Air Taxi

aerospaceglobalnews.com

Archer Closes $220M Funding Round; $10M from Stellantis Pending Approval Archer Aviation has secured $220M out of a $230M targeted capital raise. The remaining $10M is a committed investment from Stellantis, subject to shareholder approval later this year.

2024-08-22T09:49:57.624939-07:00

Archer Closes $220M Funding Round; $10M from Stellantis Pending Approval

Urban Air Mobility News

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Archer Delivers First Midnight eVTOL to USAF Under $142M AFWERX Contract Archer Aviation has delivered the first Midnight eVTOL to the U.S. Air Force under the AFWERX Agility Prime program. The delivery follows the military airworthiness assessment by the DoD, paving the way for testing in simulated missions including medevac, cargo transport, ISR, and more.

2024-08-15T08:40:26.268557-07:00

Archer Delivers First Midnight eVTOL to USAF Under $142M AFWERX Contract

eVTOL Insights

Archer Aviation Q2 Results: Stellantis Manufacturing Contract Key Terms Archer Aviation announced Q2 2024 financial results and detailed its contract manufacturing terms with Stellantis, including nearly USD300 million in investments to date, with USD55 million added in July.

2024-08-14T01:11:58.293780-07:00

Archer Aviation Q2 Results: Stellantis Manufacturing Contract Key Terms

eVTOL Insights

Future Flight Global to Purchase 116 Archer Midnight eVTOL Aircraft for $580M Archer Aviation and Future Flight Global have inked an agreement for the acquisition of up to 116 Midnight eVTOL aircraft, valued at up to $580 million, with a deployment focus on Europe, the Middle East, and Southeast Asia.

2024-08-13T07:23:59.667039-07:00

Future Flight Global to Purchase 116 Archer Midnight eVTOL Aircraft for $580M

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