Archer Aviation's Latest Capital Raise Shows the eVTOL Pioneer Is Ready for Takeoff

The race to develop electric vertical takeoff and landing (eVTOL) aircraft has undergone a dramatic consolidation since its emergence around 2010. What began as a crowded field with hundreds of competing aircraft designs has been winnowed down significantly as the technical and regulatory hurdles became apparent.However, the culling of the herd truly came down to one critical factor-capital. The immense funding requirements of developing an entirely new form of aviation, estimated in the billions of dollars per program, have proven too steep for all but the most resourceful companies.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool