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Stellantis signals its continued confidence and partnership in the eVTOL company with the purchase of nearly 8.3 million shares.

An agreement with the Abu Dhabi Investment Office will see Archer’s Midnight eVTOL aircraft service operating in the UAE by 2026, as well as establishment of an international facility and headquarters.

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.

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

The eVTOL aircraft company is now authorized to perform specialized aircraft repair services on crucial aircraft components.

Construction is well underway on Archer’s high-volume eVTOL aircraft manufacturing facility, with experienced Stellantis personnel provided expertise alongside Archer teams to prepare for efficient manufacturing operations.

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.

This initial project under the Space Act Agreement is focused on studying and developing high-performance battery cells, as well as performing safety testing, to achieve purpose-built solutions for electric aircraft.

Landmark investment in eVTOL technology by U.S. military is part of the next phase in partnership between Archer and AFWERX program.

Midnight will enable perform critical “company testing” to accelerate and reduce risk on Archer’s certification program, following a successful two-year flight test campaign with Maker.