Oslo - Delayed Quote NOK

Archer Limited (ARCH.OL)

22.35

+0.40

+(1.82%)

At close: May 12 at 4:25:25 PM GMT+2

Archer Aviation raises $430 million through equity offering, partners with Anduril

(Reuters) -Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Shares of Archer were down 4% in early trading. Existing investors United Airlines and Stellantis as well as new backers such as Wellington Management and Abu Dhabi investment holding company 2PointZero participated in the fundraising, which was through an equity offering.

Reuters 4 months ago

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Archer says Stellantis to help fund some air-taxi production costs

(Reuters) -Archer Aviation on Thursday announced an agreement-in-principle with Stellantis under which the automaker would bear up to $370 million of labor-related costs to support a planned ramp-up of the air-taxi maker's aircraft. The funding will give Archer access to much-needed capital to fund the production of its flagship 'Midnight' aircraft to 650 units annually. Archer has since secured an additional $230 million of equity capital, including from Stellantis and United Airlines.

Reuters 8 months ago

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Performance Overview

Return	ARCH.OL	OBX Total Return Index (OBX.OL)
YTD	-13.96%	+7.96%
1-Year	-22.22%	+8.28%
3-Year	-32.49%	+32.36%