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The remaining 68% of the fund is distributed among sector-relevant companies, including Palantir, GE Aerospace, AST SpaceMobile, and Archer Aviation.
Archer Aviation and NASA will perform battery cell tests using the European Synchrotron Radiation Facility’s high-speed X-ray facilities to study cell behavior during extreme abuse cases.
Archer Aviation plans to launch a network of urban air taxis in Los Angeles by 2024.
Archer Aviation signed an agreement in early February to merge with special purpose acquisition company Atlas Crest Investment Corp.
Archer Aviation partnered with the Urban Air Mobility Partnership to develop a plan for integrating urban aircraft into existing transportation networks and land use policies.
The combined Archer Aviation and Atlas Crest Investment Corp. company will have an equity valuation of $3,800,000,000.