Archer Shoots For UAM Leadership With SPAC Merger
February 15, 2021
Archer’s winged eVTOL is designed to fly 60 mi. at a cruise speed of 150 mph.
Credit: Archer
Urban air mobility startup Archer is going public in a deal that will raise up to $1.1 billion to fund commercialization of its all-electric air taxi. The agreement will make the two-year-old company the best-funded of the new entrants in the nascent advanced air mobility market.
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