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In tandem with Q2 2023 financial and operation results, Archer secures a $215 million investment, Midnight receives special airworthiness certification and an agreement is reached with Boeing and Wisk for autonomous flight collaboration.

Component assembly of Archer Aviations’ eVTOL aircraft, to be used in FAA “for credit” testing, is well underway, with final assembly on track to begin in the coming weeks.

Proprietary battery pack design integrated into a composite battery enclosure passed extreme impact scenario simulations, setting the stage for upcoming for-credit testing with the FAA.

The composite eVTOL developer has now received two key operational certificates required from the FAA to begin operations when Midnight receives type certification.

Following Midnight’s recent flight test milestone, the automaker’s strategic funding agreement buildings on $39 million worth of Archer stock and $110 million investment in 2023.

Advancing through a third of the program in just three months, Archer continues to make rapid progress toward planned full wing-borne transition flight in Phase 2.

Midnight will enable perform critical “company testing” to accelerate and reduce risk on Archer’s certification program, following a successful two-year flight test campaign with Maker.

Midnight is the evolution of Archer’s demonstrator eVTOL aircraft, Maker, which has validated its proprietary 12-tilt-six configuration and key enabling technologies.

Archer Aviation’s intentional strategies have yielded a simpler and more focused scope of certification work, paving the way for the start of its first “for credit” testing by early 2024.

The milestone builds on 4 years of flight testing, including 2 years of full-scale flight testing of Archer’s Maker aircraft.