Stellantis Increases Strategic Shareholding in eVTOL Vehicle Startup Archer

Stellantis has announced an increased investment in eVTOL vehicle developer Archer. The US startup plans to bring electric vertical take-off and landing (eVTOL) aircraft to market beginning in 2025. 

Stellantis aims to mass produce Archer’s Midnight aircraft as its exclusive contract manufacturer,

The construction on the first phase of Archer’s high-volume manufacturing facility in the state of Georgia remains on track to be completed later this year.

The first phase is a build out of 350,000 square feet on a 100 acre site designed to support production of up to 650 aircraft annually.

This will make it one of the largest manufacturing facilities by volume in the aircraft industry.

Archer’s Midnight aircraft is designed to be safe, sustainable, quiet and carry four passengers plus a pilot.

Midnight is optimised for back-to-back short distance trips of around 20-50 miles, with a charging time of approximately 10 minutes in-between.

Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives, and as an investor since 2021.

Stellantis CEO, Carlos Tavares, says:. “Archer has established itself as a market leader in the electrification of aviation and we believe that together we can usher in the next transportation revolution. This recent move by Stellantis signals our confidence in Archer’s team and the progress we see firsthand through our deep partnership.”

“We are on the cusp of changing the way the world moves in the sky,” adds Adam Goldstein, founder and CEO of Archer. “Archer and Stellantis are working side by side to realize a once-in-a-generation opportunity to redefine urban transportation and deliver tremendous value to the world’s cities and our shareholders.”

Stellantis aims to become a carbon net zero mobility tech company by 2038.