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CAEATFA grants Archer approval for electric powertrain facility ramp-up
Archer Aviation Inc. (Santa Clara, Calif., U.S.) has received approval from the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) for its ~$117 million project. This approval covers the planned expansion of Archer’s advanced manufacturing facilities in California, including the ramp-up of its electric powertrain facility, as it readies for commercialization of its electric vertical takeoff and landing (eVTOL) aircraft. The CAEATFA sales and use tax exclusion is expected to result in ~$10 million in benefit to Archer over the next few years.
Jackpot! $54 million Superlotto Plus ticket sold in Northern California
A lucky lottery player in Northern California is holding a Superlotto Plus ticket worth $54 million after matching all six numbers in Saturday night's draw, according to the California Lottery. The jackpot winning ticket was sold at the 7-Eleven store on Cottonwood Street in Woodland, about 15 miles outside of...
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