Start-up Archer Aviation will now have access to about $1 billion to work on an electric vertical-take-off-and-landing vehicle.

Escalating geopolitical tensions and a new administration with a hawkish defense agenda have led many startups to embrace dual-use strategies to secure

Air-taxi maker Archer Aviation said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock .

Electric aircraft company Archer Aviation has raised another $300 million in equity to develop its tech for the defense market including a hybrid aircraft. Why it matters: National security has emerged as a lucrative source of funding amidst a broader slowdown in mobility and climate.