Archer Raises $850M After Trump Boosts Electric Air Taxis

Manufacturer secures its largest raise to date following a White House commitment to help the industry grow.

Jack Daleo

Friday, June 13, 2025 at 01:49 PM ET

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Jack Daleo

Archer’s flagship Midnight is designed for a pilot to fly as many as four passengers on short, zero-emission trips in urban areas. [Courtesy: Archer Aviation]

Key Takeaways:

President Trump's executive order supporting eVTOL (electric vertical takeoff and landing) air taxis directly led to Archer Aviation securing an $850 million funding round, increasing its total cash to $2 billion for developing its Midnight aircraft.
The executive order also established a three-year eVTOL Integration Pilot Program (eIPP) designed to study designs and facilitate regulatory integration, which Archer plans to coordinate with.
Archer intends to use the fresh investment to build out crucial electric charging infrastructure and AI software, preparing for its Midnight eVTOL's commercial launch (e.g., 2028 LA Olympics) and exploring defense applications.

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President Donald Trump last week unveiled an executive order designed to give a lift to electric vertical takeoff and landing (eVTOL) air taxis—and that support has translated to fresh investment.

Manufacturer Archer Aviation on Thursday announced a massive $850 million funding raise, its largest to date. Archer tied the investment directly to Trump’s order, which creates a three-year eVTOL Integration Pilot Program (eIPP) to study the design. It said the money will go toward building out electric charging infrastructure, artificial intelligence software, and other capabilities required to introduce its flagship Midnight in the coming months.