Archer Aviation Scores $215 Million in New Funding, Midnight Gets Special Airworthiness Certificate

Archer Aviation Raises $215 Million, Midnight eVTOL Gets FAA Certificate

by DRONELIFE Staff Writer Ian J. McNabb

Archer Aviation, an advanced air mobility company based out of Santa Clara, California, recently announced $215 million in new funding from Stellantis, Boeing, United Airlines, and ARK Investment Management, accelerating their path to market. At the same time, they announced that their Midnight eVTOL received its Special Airworthiness Certificate from the FAA, allowing for test flights to begin. This important step followed the December reveal of airworthiness criteria from the FAA and after a July visit from the Federal Advanced Air Mobility interagency working group, and should shore up investor confidence that their aggressive release timeline (Archer has announced they seek to have a product on the market as soon as 2025) can be achieved.

Archer Aviation has been among the class leaders in the American eVTOL market, recently receiving a record eVTOL…