Archer Aviation has now raised over $1.3 billion and has buy-in from auto manufacturer Stellantis, United Airlines, Southwest Airlines, and more.
There’s a plan for route networks all around California. And the company has billions of dollars worth of contracts from aircraft operators that want to purchase the product.
Now, it’s a matter of ramping up mass production. If all of that can happen and there is consumer demand, then flying taxis may become a thing before the end of the decade.
Including the latest from Archer, four travel startups announced fundraises in the last week totaling over $414 million.
Archer Aviation: $230 Million
Archer Aviation, which is developing a flying taxi for urban use, said…