June 12 (Reuters) - Air taxi maker Archer Aviation ( ACHR )

on Thursday said it raised $850 million in funding

following executive orders signed by U.S. President Donald Trump

to boost electric air taxis.

Trump's orders also focused on bolstering U.S. defenses

against hostile drones, and supporting the development of

supersonic commercial aircraft.

Earlier this year, Archer secured $300 million in a funding

round led by institutional investors, including accounts managed

by BlackRock ( BLK ).

In April, Archer unveiled plans to establish an air taxi

network in New York City in partnership with United Airlines

.

The company has also been named the official air taxi

service for the 2028 Los Angeles Olympics.