Meg Scarbrough Thursday, November 11, 2021

Archer Says It’s on Track To Fly in December

Archer Aviation (NYSE:ACHR) on Thursday delivered its first quarterly earnings report since going public two months ago, reporting a $177 million net loss, but saying it remains on track to fly its innovative new aircraft prototype by next month. The company attributed the loss to operating expenses, plus interest payments, which included the cost of […]

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Meg Scarbrough Wednesday, October 20, 2021

Reliable Robotics Raises $100M to Up Remotely Piloted Cargo Operations

Reliable Robotics, a California-based autonomous aircraft startup, has raised $100 million in Series C funding as it seeks to launch commercial cargo operations in hard-to-reach areas. The funding round was led by tech investor Coatue Management, whose investments include mobile banking app Chime. Coatue was joined by other investors: Lightspeed Venture Partners Eclipse Ventures Teamworthy […]

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Meg Scarbrough Wednesday, October 20, 2021

HT Aero Raises $500M in Quest to Launch eVTOL

HT Aero, an urban air mobility (UAM) company and affiliate of China-based electric car maker XPeng, has raised $500 million in Series A funding as it seeks to stake its claim in the rapidly growing UAM industry. The company says the money will help fund research and development as it works to get what it […]

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