Stellantis invests in high-volume eVTOL manufacturing

Share
Archer Aviation Midnight eVTOL
Partnering with eVTOL innovator Archer Aviation, Stellantis will provide equity funding and expertise to drive growth in the electric aircraft sector

The intentions of automotive manufacturers are clear, but Stellantis is going one step further beyond its electrification plans in the car market. 

The company has already seen great success in developing platforms for electric vehicles (EVs) and shifting its range towards a more sustainable future, but there is also more on the company’s agenda. 

The firm invests in electric vertical take-off and landing (eVTOL), which is becoming more popular as a potential solution for logistics and urban transport. The company is investing in research and development at Archer Aviation in coherence with its commitments to sustainable innovation. 

Announced in May 2023, Stellantis will provide up to US$150 million of equity capital to the company to scale the production capabilities of Archer with aims to manufacture its Midnight model in a larger quantity. 

Youtube Placeholder

“Supporting Archer with our manufacturing capability is another example of how Stellantis will lead the way the world moves,” says the CEO of Stellantis, Carlos Tavares.

“We are pushing the boundaries to take urban air mobility a step further, delivering as many tools as possible to our fellow citizens to protect their freedom of mobility, from the road to the sky.” 

Venturing into a new industry to drive global mobility

Archer Aviation is involved in innovating key areas of technology that support the commercialisation of eVTOL aircraft solutions, with a particular focus on the electrified powertrain. 

Youtube Placeholder

The team is dedicated to developing a proprietary electric powertrain system that surpasses current market offerings in terms of power density and efficiency while ensuring a long service life.

“What Stellantis brings to the table is over a century of experience in manufacturing vehicles at scale, bringing world-class products to market,” says Archer Aviation’s CEO, Adam Goldstein.

“We are going to work together to stand-up the Georgia facility with Stellantis contributing personnel, capital, technology, know-how and processes. This will help accelerate our company and the scaling of Midnight production.”

The partnership will also allow Archer the benefit of Stellantis’ manufacturing expertise and the companies will work closely together to accelerate the go-to-market strategy of the Midnight eVTOL.

Share

Featured Articles

Knight Frank: EV Charging Boosts Real Estate Revenue

Knight Frank’s new report highlights the revenue potential and strategic importance of EV charging infrastructure for real estate owners in the UK market

Nissan & Anaplan: Driving AI and ML in the AMIEO Region

Nissan & Anaplan partner to digitalise operations with AI and ML, enhancing agility, customer focus and market responsiveness across the AMIEO region

GM to Sell Lansing Battery Plant Stake to LG Energy Solution

GM plans to sell its stake in the Lansing battery plant to partner LG Energy Solution, solidifying their long-standing battery technology collaboration

Jaguar's Bold Reimagine Campaign: Divides Opinion

Mobility

MTAA Secures Inclusion of Core Auto Trades on Migration List

Mobility

Ceer Teams up with Rimac for High-Performance EVs

Mobility