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Barchart
Wajeeh Khan

This Flying Car Stock Just Nabbed $300 Million in New Funding

Archer Aviation ACHR Archer BlackRock

Archer Aviation (ACHR) is in focus at the time of writing after the air taxi company said it has raised $300 million from leading institutional investors, including BlackRock. 

The electric vertical takeoff and landing (eVTOL) aircraft maker plans on using the new capital to “accelerate the development of its hybrid aircraft platform,” according to its press release on Tuesday.

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