Archer, car giant Stellantis ink major eVTOL air taxi production deal
Next-generation electric vertical takeoff and landing (eVTOL) aircraft manufacturer Archer has announced a significant deepening of its industrial and strategic partnership with European automotive giant Stellantis, under which the producer of Chrysler, Fiat, Peugeot, and other car brands will contribute advanced manufacturing technology, expertise, and capital to the operation of the air taxi company’s future Covington, Georgia, Midnight plane factory.
Stellantis and Archer said they’d significantly deepened their previous cooperation by formally uniting their forces in the production of the Midnight eVTOL, with the Santa Clara-based startup bringing its advancing air taxi development experience and the automotive company providing large-scale manufacturing capacities, experienced personnel, and cash via two different forms of equity stakes.
Read: Archer CEOs discuss 2022 eVTOL air taxi development goals
According to a press release from…