Archer Aviation Gains $850M Boost Amid U.S. E-VTOL Industry Surge
Archer Aviation has secured $850 million in funding, boosting its cash reserves to nearly $2 billion, signaling strong investor confidence in its plans to develop electric air taxis and expand into commercial operations, supported by favorable government policies and strategic partnerships like with United Airlines. Despite not yet generating revenue, its stock has surged 260% over the past year, and analysts give it a moderate buy rating with a slight upside potential.