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ACHR

Archer Aviation Adds 7% On Receiving $215 Mln Investments

August 11, 2023 — 09:54 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Shares of Archer Aviation Inc. (ACHR) are rising more than 7% Friday morning after the company said it received $215 million investments from Stellantis, Boeing, United Airlines, ARK Invest and others.

This makes Archer's total funding to date to more than $1.1 billion, smoothening its path to FAA certification and commercial operations in 2025, the company said.

ACHR is at $6.23 currently. It has traded in the range of $1.62 - $7.10 in the last 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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