The investment builds on last year’s $430 million equity deal and leaves the aviation company with approximately $1 billion in liquidity. Archer says the money will be put toward building out its manufacturing capability in anticipation of launching an air taxi network in Los Angeles in time for the 2026 Olympics. The company is also moving more into the defense space, with plans to next-gen military aircraft for Anduril Industries. This funding round included investments from Blackrock, Willington, and leading institutional developers, Archer says.