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BlackRock Is Betting Big On Archer's Electric Air Taxis

February 11, 2025
x min read
Archer aviation blackrock electric air taxis
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ACHR
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-8.79
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-8.79
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BLK
-1.42
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The world’s largest asset manager is getting behind an electric air taxi company. But, why?

What’s happening:

  • Archer Aviation (NYSE: ACHR) has raised $301.75M USD in a new equity financing round

By the numbers:

  • The new funding round was done at $8.50 USD per common share
  • Archer Aviation now has roughly $1B USD in total cash and available liquidity to continue to build out electric air taxis and other vertical takeoff and landing aircraft

Why it matters:

  • Funds that are solely managed by asset management giant BlackRock led the financing round, which is a notable sign of validation for Archer Aviation’s technology innovation in electric vertical takeoff and landing aircraft

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