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 air taxis and establishing an integration pilot program has directly led to significant investment in the sector.
Archer Aviation secured an $850 million funding raise, bringing its total to approximately $2 billion, which it will use for electric charging infrastructure and AI software to introduce its Midnight eVTOL.
While the funding is substantial, experts caution that commercial launch timelines for eVTOLs will still depend heavily on accumulating flight hours and navigating the FAA's cautious certification process.
Archer is actively preparing for commercialization, with plans to serve the 2028 LA Olympic Games, partner with airlines for home-to-airport service, and establish international operations and charging hubs, beginning in 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.