Manufacturer is developing a “next-generation” hybrid-electric, vertical takeoff and landing (VTOL) aircraft for defense applications.

Escalating geopolitical tensions and a new administration with a hawkish defense agenda have led many startups to embrace dual-use strategies to secure

Start-up Archer Aviation will now have access to about $1 billion to work on an electric vertical-take-off-and-landing vehicle.

Electric aircraft company Archer Aviation has raised another $300 million in equity to develop its tech for the defense market including a hybrid aircraft. Why it matters: National security has emerged as a lucrative source of funding amidst a broader slowdown in mobility and climate.

Electric vertical takeoff and landing aircraft company Archer Aviation Inc. announced today that it has raised $300 million in new funding via an equity capital raise. The $300 million in funding, raised through a securities purchase agreement,