Archer Aviation falls about 15% for sale of shares by $ 850 million

The North, all the electric plane of Archer Aviation, is being considered at Salinas Municipal Airport in Salinas, California, August 2, 2023.

Carlos Bari | Reuters

Acheter AviationFriday stocks fell about 15% after a taxi manufacturer said it Sold 850 million dollars Stocks are worth.

Electric vertical take -off and landing, or EVTOL, said Thursday plans to use funding to support new infrastructure and crackdown on artificial intelligence. The money will also support the program launching the publication, including the official partnership on air taxi services during the 2028 Olympics in the Los -Andeles.

Archer said the financing round provided for the sale of $ 85 million for a piece and provides the company Pro Forma Liquity Placting about $ 2 billion.

“We now have the strongest balance in this sector, and the resources we have to do here in the US and abroad,” said the founder and CEO Adam Goldstein in the release. “The future of Archer can not be brighter.”

The proposal action goes after the president Donald Trump Recently signed the executive Aviation Jobi This week is cohesive on the heels of the news.

In recent years, the demand for EVTOL has been air, as developers have resolved the ability of technology to reduce emissions and reduce traffic congestion. Technology faces many normative and safe obstacles in the process.

Archer has already collaborated United Airlines To roll up the airport air taxis Service. Last month’s competitor Joby Aviation stated that she had received The first 250 million dollars With a $ 500 million contract with a Toyota car to support EVTols certification and manufacture.

Archer is scheduled to display its northern EVTOL plane on the Paris air show this month. United Arab Emirates will be a company The first market is running.

Don’t miss these ideas from CNBC Pro

CEO Adam Goldstein CEO: Trump 2.0 will help us keep our position as aviation leader

Source link