Archer Partners With Anduril to Develop Hybrid VTOL Aircraft; Raises $430M in Fresh Capital
Archer Aviation announced forming a strategic partnership with Anduril Industries to jointly develop a hybrid-propulsion, vertical-take-off-and landing, or VTOL, aircraft and raising $430 million from an equity offering. In a press release Thursday, Adam Goldstein, founder and CEO of Archer, said, “The Archer team has deep expertise in the rapid design, engineering, and production of […] More