Archer Aviation closes financing for eVTOL manufacturing facility in Georgia

Archer Aviation has closed agreements with Synovus Bank and Evans General Contractors for financing and development of its high-volume eVTOL aircraft manufacturing facility in Covington, Georgia. The first phase of 350,000 sq ft is designed to produce up to 650 aircraft per year, with at least $65 million in financing secured.

“Archer remains on track with manufacturing facility construction, which began in March, by closing previously announced financing.”investors.archer.com

• 1 source
• investors.archer.comArcher Aviation - Archer Closes Previously-Announced Financing and Development Agreements to Complete World’s Highest-Volume eVTOL Aircraft Manufacturing FacilityOct 11, 2023

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