Archer closing oversubscribed pipe as part of $215m investment round led by stellantis; ark & united are two key investors in the pipe signifying intersection of innovative financial institutions & traditional aerospace investing in disruptive tech

Santa clara, calif.--(business wire)--archer aviation inc. (nyse: achr), a leader in electric vertical takeoff and landing (evtol) aircraft, today announced that the pipe portion of its larger $215m investment round led by stellantis announced last thursday is positioned to close today. ark and united airlines were two of the largest investors in the pipe signifying the intersection of innovative financial institutions and traditional aerospace investing in disruptive technologies. “at archer,.
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