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Reuters

Reuters

Technology

Technology

Archer Aviation raises $300 million in BlackRock-backed funding

Reuters
Summary
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83% Informative

Air-taxi maker Archer Aviation said on Tuesday it has raised $300 million in a funding round.

Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet.

The company previously raised $430 million in December through an equity offering.

VR Score

92

Informative language

97

Neutral language

89

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semi-formal

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English

Language complexity

74

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Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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