Archer Aviation Raises $430 Million for Flying Taxis: Startup Funding Roundup

Flying taxi startups have been raising a lot of money this year.

Archer Aviation is on the list this week for another $430 million, making its total $660 million this year. The company’s latest fundraise was the second-largest this year for an electric aircraft startup. The largest was $500 million for Joby Aviation in October.

Meanwhile, competitor Lilium is in the middle of bankruptcy proceedings after burning through $1 billion — an unfortunate example of how capital intensive it is to get a new aircraft into the sky.

In total, eight travel startups raised over $570 million in funding over the past two weeks.

Archer Aviation: $430 Million 

Archer…