Flying car makers are gaining attention after Trump’s executive order
The post Flying car makers are gaining attention after Trump’s executive order appeared on BitcoinEthereumNews.com. According to reports, since Trump signed three orders to boost the air traffic industry, flying car companies have garnered more attention and turned the hype into millions in funding. Air taxi maker Archer Aviation is one of the companies that have raised millions in funding. President Donald Trump’s plans to make America great again are already underway, and the latest development has been the three executive orders he signed on June 11, 2025. All three orders are designed to reduce regulatory barriers and promote innovation in drones and flying cars. On Thursday, Archer Aviation said it has raised $850 million in funding following Trump’s executive orders, which also focused on bolstering U.S. defenses against hostile drones and supporting the development of supersonic commercial aircraft. Air transport companies in the spotlight as flying cars appear on the horizon Archer Aviation’s flying taxi on display. Source: Archer Aviation (X/Twitter) Archer had already secured $300 million in a funding round led by institutional investors, including accounts managed by BlackRock earlier this year. It has also unveiled plans to establish an air taxi network in New York City in partnership with United Airlines in April. The company has also been named the official air taxi service for the 2028 Los Angeles Olympics. British electric-aircraft developer Vertical Aerospace has also revealed that it has expanded its partnership with helicopter ride operator Bristow Group as it aims to bring air taxi services into commercial operation. The Texas-based Bristow Group—which offers short-distance helicopter rides in several countries, including the UK and the US—has also ordered up to 50 of Vertical’s VX4 aircraft, with the option to purchase 50 more. Air taxi startups have been heavily investing to secure approvals and commercialize electric vertical takeoff and landing (eVTOL) aircraft, to meet the growing demand for faster, more sustainable…
The post Flying car makers are gaining attention after Trump’s executive order appeared on BitcoinEthereumNews.com.
According to reports, since Trump signed three orders to boost the air traffic industry, flying car companies have garnered more attention and turned the hype into millions in funding. Air taxi maker Archer Aviation is one of the companies that have raised millions in funding. President Donald Trump’s plans to make America great again are already underway, and the latest development has been the three executive orders he signed on June 11, 2025. All three orders are designed to reduce regulatory barriers and promote innovation in drones and flying cars. On Thursday, Archer Aviation said it has raised $850 million in funding following Trump’s executive orders, which also focused on bolstering U.S. defenses against hostile drones and supporting the development of supersonic commercial aircraft. Air transport companies in the spotlight as flying cars appear on the horizon Archer Aviation’s flying taxi on display. Source: Archer Aviation (X/Twitter) Archer had already secured $300 million in a funding round led by institutional investors, including accounts managed by BlackRock earlier this year. It has also unveiled plans to establish an air taxi network in New York City in partnership with United Airlines in April. The company has also been named the official air taxi service for the 2028 Los Angeles Olympics. British electric-aircraft developer Vertical Aerospace has also revealed that it has expanded its partnership with helicopter ride operator Bristow Group as it aims to bring air taxi services into commercial operation. The Texas-based Bristow Group—which offers short-distance helicopter rides in several countries, including the UK and the US—has also ordered up to 50 of Vertical’s VX4 aircraft, with the option to purchase 50 more. Air taxi startups have been heavily investing to secure approvals and commercialize electric vertical takeoff and landing (eVTOL) aircraft, to meet the growing demand for faster, more sustainable…
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