{"id":88650,"date":"2024-12-16T00:00:00","date_gmt":"2024-12-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/"},"modified":"2024-12-16T00:00:00","modified_gmt":"2024-12-16T00:00:00","slug":"2pointzero-bags-a-slice-of-archers-equity-offering","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/","title":{"rendered":"2PointZero bags a slice of Archer\u2019s equity offering"},"content":{"rendered":"

2PointZero takes a slice of Archer Aviation:<\/strong> International Holding Company\u2019s (IHC) investment subsidiary 2PointZero participated in Mubadala-backed flying EV manufacturer Archer Aviation\u2019s USD 430 mn equity offering, Reuters<\/a> reported on Friday. Other investors involved in the offering include United Airlines, Stellantis, and Wellington Management. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Where will the money go?<\/strong> A portion of the funds will be used to develop a hybrid aircraft in partnership with defense technology company Anduril Industries. The partnership with Anduril and the additional capital would accelerate the company\u2019s scaling of advanced aerospace technologies, Archer\u2019s CEO Adam Goldstein said.<\/p>\n

REMEMBER<\/strong>-<\/strong> Archer Aviation is in the race to introduce air taxis to the UAE next year. The company signed a framework<\/a> agreement with the Abu Dhabi Investment Office to construct vertiports in the emirate. It also inked an agreement<\/a> with Abu Dhabi-based aviation services provider Falcon Aviation to develop a vertiport network in key locations across Dubai and Abu Dhabi. The agreement looks to launch air taxi services between the two emirates by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will be used to develop a hybrid aircraft in partnership with defense technology company Anduril Industries<\/p>\n","protected":false},"author":1,"featured_media":88651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[11,63,151,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseclimate","tag-evtol","tag-investment-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"61aa0f86-7371-444d-a48e-3153151fd059","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1441.jpg","photo_position":"above","homepage_title":"","full_issue_title":"2PointZero bags a slice of Archer\u2019s equity offering","related_issue":[88640],"teaser":"The funds will be used to develop a hybrid aircraft in partnership with defense technology company Anduril Industries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.8a467213-6afd-42d2-9d8d-89669d36d891.mp3"},"yoast_head":"\n2PointZero bags a slice of Archer\u2019s equity offering - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2PointZero bags a slice of Archer\u2019s equity offering\" \/>\n<meta property=\"og:description\" content=\"The funds will be used to develop a hybrid aircraft in partnership with defense technology company Anduril Industries\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1441.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"2PointZero bags a slice of Archer\u2019s equity offering\",\"datePublished\":\"2024-12-16T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1441.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"EVTOL\",\"INVESTMENT WATCH\",\"UAE\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/2pointzero-bags-a-slice-of-archers-equity-offering\/\",\"name\":\"2PointZero bags a slice of Archer\u2019s equity offering - 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