Archer Aviation closes $215 million equity investment, settles lawsuit with Wisk

Archer Aviation received a $215 million equity investment from Stellantis, Boeing and United Airlines along with the other financial institutions, including ARK Invest increasing the company’s total funding to over $1.1 billion to date. This investment round includes an acceleration of $70 million from Stellantis under the strategic funding agreement entered into in January 2023, with $55 million remaining available under that facility. The commitment from Stellantis has been unrivaled, from its foresight to provide the manufacturing expertise and capital needed to accelerate Archer’s business objectives, to the strategic vision and steadfast support from chief executive Carlos Tavares and chief