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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.

Final airworthiness criteria provides a solidified path for Archer to achieve type certification for its eVTOL aircraft.

The composite eVTOL developer has now received two key operational certificates required from the FAA to begin operations when Midnight receives type certification.

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.

Advancing through a third of the program in just three months, Archer continues to make rapid progress toward planned full wing-borne transition flight in Phase 2.

In tandem with Q2 2023 financial and operation results, Archer secures a $215 million investment, Midnight receives special airworthiness certification and an agreement is reached with Boeing and Wisk for autonomous flight collaboration.

The milestone builds on 4 years of flight testing, including 2 years of full-scale flight testing of Archer’s Maker aircraft.

Midnight aircraft will provide an opportunity to streamline everyday urban congestion challenges, in addition to other use cases.