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Vertical Aerospace seeks new funding through additional share capital

Vertical Aerospace will seek new investments later this year to make sure that it is adequately funded to meet its objectives for 2024 and beyond. The Advanced Air Mobility (AAM) start-up says existing funding is sufficient for 2023 and 2024, as it has a net cash...

Archer deepens relationship with automotive powerhouse Stellantis

Fresh into the new year, Archer Aviation has announced a further deepening of its partnership with Stellantis. The automotive giant will take an equity share in the Advanced Air Mobility start-up and also join forces to manufacture the Midnight eVTOL, the two...

Archer unveils Midnight and lays out its plans

Archer Aviation has unveiled the production version of its eVTOL vehicle, which it hopes to get certified in the second half of 2024 and enter service in 2025. The Midnight is the successor of the Maker demonstrator that has been used for testing. Archer unveils...

United and Archer target New York-Newark for eVTOL services

UPDATE - United Airlines intends to launch operations with Archer Aviation eVTOL vehicles between New York City and Newark Airport in 2025, the airline and start-up airframer announced in a joint media statement today. This makes United the second US airline after...