The announcement strengthens Archer’s liquidity position to an industry-leading $2 billion, cementing the company’s strategic advantage as it ramps up engineering, certification, and commercialisation efforts. The proceeds will be directed toward the expansion of commercial capabilities, including infrastructure to support Archer’s U.S. and international “Launch Edition” markets, as well as the development of an AI-based aviation software platform.

“This Executive Order is a seminal moment for Archer and the eVTOL industry,” said Archer CEO and founder Adam Goldstein. “We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad. Archer’s future couldn’t be any brighter.”

Archer plans to work closely with the White House, the U.S. Department of Transportation, and the Federal Aviation Administration to integrate this programme into its expansion strategy, including plans for deployment at the Los Angeles 2028 Olympic Games, where Archer will serve as the Official Air Taxi Provider for the Games and Team USA.

Next week, Archer’s Midnight aircraft will be showcased at the Paris Air Show, with senior delegations expected from over 20 countries, including key partners from the UAE—Archer’s first targeted “Launch Edition” market. Goldstein is also scheduled to meet with U.S. Secretary of Transportation Sean P. Duffy and Acting FAA Administrator Chris Rocheleau at the event, underscoring Archer’s pivotal role in shaping global eVTOL policy and operations.

The $850 million raise comes from the sale of 85 million shares of Class A common stock at $10.00 per share via a registered direct offering. Moelis & Company LLC acted as exclusive placement agent. The offering was made under an automatically effective shelf registration statement filed with the U.S. Securities and Exchange Commission.