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Following Midnight’s recent flight test milestone, the automaker’s strategic funding agreement buildings on $39 million worth of Archer stock and $110 million investment in 2023.
This is Archer’s second full-scale eVTOL aircraft to achieve this milestone, critical to being able to carry commercially viable passenger payloads.
The composite eVTOL developer has now received two key operational certificates required from the FAA to begin operations when Midnight receives type certification.
Final airworthiness criteria provides a solidified path for Archer to achieve type certification for its eVTOL aircraft.
Stellantis signals its continued confidence and partnership in the eVTOL company with the purchase of nearly 8.3 million shares.
“Automotive-style” line has the capability of producing up to 15,000 battery packs — complete with composite enclosures and cylindrical cells — per year to keep up with eVTOL aircraft production goals.
AS9100D and AS9120B accreditation across Velocity’s three manufacturing sites in the U.K. and U.S. reinforce quality service to aerospace and defense customers.
Proprietary battery pack design integrated into a composite battery enclosure passed extreme impact scenario simulations, setting the stage for upcoming for-credit testing with the FAA.
Component assembly of Archer Aviations’ eVTOL aircraft, to be used in FAA “for credit” testing, is well underway, with final assembly on track to begin in the coming weeks.
The eVTOL aircraft company is now authorized to perform specialized aircraft repair services on crucial aircraft components.
