Archer Aviation Raises $215 Million for Urban Flying Taxis: Startup Funding Roundup
Photo Credit: Archer Aviation expects commercial use to begin in 2025. Archer Aviation / Archer Aviation
Skift Take
Archer Aviation expects its flying taxis to be in the air in 2025, and Atmosfy wants to change the way people leave dining reviews.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.Three travel tech companies announced funding this week totaling nearly $230 million.
>>Archer Aviation, which is developing an electric vertical takeoff and landing aircraft for urban use, has raised $215 million in equity investment.
Investment was led by Stellantis, with support from Boeing, United Airlines, and ARK Investment Management.
The California-based company, which went public in Sept. 2021, has now raised over $1.1 billion.
The aircraft, called Midnight, is designed to hold a pilot with four passengers and luggage for urban trips of 20-50 miles at speeds of up to 150 miles per hour. It is powered by six independent battery packs, each supporting a pair of electric engines, the company said.
Archer's Midnight aircraft has room for four passengers.Subject to approval by the Federal Aviation Administration, Archer plans to begin commercial operations in 2025. The company has been approved to beg
