CAEATFA grants Archer approval for electric powertrain facility ramp-up
The $117 million award, believed to be CAEATFA’s largest to date in AAM, will support Archer’s planned expansion of battery pack and aircraft production facilities intended to support eVTOL commercialization.
Archer’s battery pack production facility. Source | Archer Aviation Inc.
Archer Aviation Inc. (Santa Clara, Calif., U.S.) has received approval from the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) for its ~$117 million project. This approval covers the planned expansion of Archer’s advanced manufacturing facilities in California, including the ramp-up of its electric powertrain facility, as it readies for commercialization of its electric vertical takeoff and landing (eVTOL) aircraft. The CAEATFA sales and use tax exclusion is expected to result in ~$10 million in benefit to Archer over the next few years.
In May, Archer announced the completion of installation of its high-volume battery pack manufacturing line at its facility in San Jose, California. Archer’s facility is designed for high-volume production from day one with the capability of producing up to 15,000 of Archer’s proprietary battery packs — complete with composite enclosures — per year at full capacity, which will support the ramp-up of Archer’s electric aircraft production planned for 2025 and beyond.
“We are proud to receive this award from CAEATFA and represent the cutting-edge of transportation innovation that the state of California is backing,” says Archer founder and CEO, Adam Goldstein. “As a leader in the electrification of aviation, we are working hard to help California meet its most ambitious climate goals.”
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