Archer Tells Shareholders It Is on Track with eVTOL Aircraft Development Plans
The California-based start-up reported that it began 2022 with $746.9 million in cash reserves as it stepped up work to bring a four-passenger eVTOL aircraft to market.
Archer's Maker eVTOL technology demonstrator aircraft conducting a hover flight.
Archer has completed an initial hover flight with its Maker eVTOL technology demonstrator and later in 2022 expects to achieve a full transition to cruise flight. (Image: Archer)