Stellantis beefs up commitment to electric flying vehicle company Archer Aviation

Jan. 9, 2023
The eVTOL market has been valued as a potentially trillion dollar industry, Rebecca Picciotto reports for CNBC.

SANTA CLARA, Calif., - Stellantis is leaning into its bet on a future that includes flying cars. The Chrysler maker is doubling down on its commitment to help Archer Aviation produce its first batch of electric flying vehicles by 2025, announced Stellantis CEO Carlos Tavares and Archer CEO Adam Goldstein in an interview on CNBC’s Tech Check, Rebecca Picciotto reports for CNBCContinue reading original article.

The Military & Aerospace Electronics take:

9 January 2023 - Stellantis will work with Archer to stand up Archer’s recently announced manufacturing facility in Covington, Georgia at which the companies plan to begin manufacturing the Midnight aircraft in 2024. Midnight is designed to be safe, sustainable, quiet and, with its expected payload of over 1,000 pounds, can carry four passengers plus a pilot. With a range of 100 miles, Midnight is optimized for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between.

“We’ve been working closely with Archer for the past two years, and I am continually impressed by their ingenuity and unwavering commitment to deliver,” said Carlos Tavares, Stellantis CEO. “Deepening our partnership with Archer as a strategic investor with plans for growing our shareholding demonstrates how Stellantis is pushing the boundaries to provide sustainable freedom of mobility, from the road to the sky. Supporting Archer with our manufacturing expertise is another example of how Stellantis will lead the way the world moves.”

“Stellantis’ continued recognition of Archer’s progress toward commercialization, and today’s commitment of significant resources to build the Midnight aircraft with us, places Archer in a strong position to be first to market,” said Adam Goldstein, founder and CEO of Archer. “Our two companies are taking these important steps together to realize a once-in-a-generation opportunity to redefine urban transportation.”

Related: Archer Aviation plans to build 250 air taxis in 2025

Related: Archer selects Honeywell for climate system tech and actuators for its production eVTOL

Related: United Airlines orders 200 vertical-takeoff electric airplanes

Jamie Whitney, Associate Editor
Military + Aerospace Electronics

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