Archer's Midnight aircraft at the International Paris Air Show in June. Photo: Emmanuel Dunand/AFP via Getty Images
Electric aircraft developer Archer Aviation today announced it raised another $215 million in a deal led by Stellantis, Boeing, United and Ark Investment Management.
Why it matters: The blockbuster round brings Archer's total funding past $1.1 billion, and it comes on the heels of federal sign-off to begin flying its multi-rotor Midnight aircraft.
