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 establishing an eVTOL Integration Pilot Program (eIPP) has led to a significant $850 million funding raise for Archer Aviation, bringing its total capital to about $2 billion for developing its Midnight eVTOL and related infrastructure.
Despite the substantial new investment, industry experts caution that this funding is unlikely to accelerate Archer's commercial launch timeline due to the time required for flight hours and the FAA's cautious approach to certification.
Archer Aviation is aggressively pursuing commercialization, planning to introduce its Midnight eVTOL to replace car commutes, serving as the official air taxi for the 2028 LA Olympics, and building out electric charging networks in the US and internationally, including the UAE.

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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.