Stellantis and Archer Join Forces to Manufacture Electric Aircraft
Stellantis Invests in Archer and Provides Strategic Funding for Growth
Web Stellantis to Build Electric Aircraft with Archer
Stellantis and Archer have announced a partnership to manufacture Archer's Midnight eVTOL (electric vertical takeoff and landing) aircraft. Stellantis will invest $110 million in Archer through a combination of open market stock and funding for manufacturing labor costs, up to $370 million.
Stellantis to Mass Produce Midnight Aircraft
With construction underway on the world's first high-volume eVTOL aircraft manufacturing facility, Stellantis aims to mass produce Archer's Midnight aircraft. The partnership signifies Stellantis' commitment to sustainable transportation and the growing market for electric aircraft.
Strategic Alliance Boosts Archer's Manufacturing Capabilities
The expanded alliance strengthens Archer's manufacturing capabilities, enabling the company to meet the increasing demand for eVTOL aircraft. Stellantis' expertise in vehicle production and supply chain management will accelerate Archer's production timeline.
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