Roof name at the head of more than one automobile giant Stellantisflying taxi manufacturer archer expands its cooperation with.
Making a statement on this matter, the company said: “Stelntis, one of the world’s largest mobility companies, continues to invest in all areas of transportation. On the one hand, Stellantis prepares its passenger and light commercial vehicles for the future of automotive with innovative technologies, and on the other hand, it invests in alternative mobility solutions. In this context, the company is Archer Aviation Inc., developer of electric aircraft (eVTOL) that can take off and land vertically in the city. It expands the scope of its cooperation with. Stellantis NV and Archer announced that Stellantis has completed its open market acquisition of approximately 8.3 million shares of Archer. Thus, Stellantis reveals how much it trusts the eVTOL project, which is planned to be launched in 2025. Stellantis’ decision to increase its investment in Archer follows CEO Carlos Tavares’ recent visit to Archer’s headquarters and manufacturing facilities in Santa Clara, California.” Commenting on the subject Stellantis CEO Carlos Tavares, “Archer has proven itself as a pioneer in aviation’s electrification and together we believe we can usher in the next transportation revolution. Stellantis’ latest move is a testament to our confidence in Archer’s team and the progress we’ve seen first-hand through our partnership.” said. “We are on the verge of changing the way the world travels in the sky,” said Archer Founder and CEO Adam Goldstein. “As Archer and Stellantis, we are working together to redefine urban transportation, deliver tremendous added value to world cities and our shareholders, and seize the opportunities we may encounter.” he said.
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The following was also stated on this subject: “Stellantis announced in January 2023 that it was aiming for contractual mass production of Archer’s Midnight aircraft model. This would pave the way for commercialization for Archer without the need for hundreds of millions of dollars of investment. Construction of the first phase of Archer’s high-volume production facility in Georgia continues apace, with completion scheduled for the end of this year. The first phase of the project is designed to support production of up to 650 aircraft per year. However, the structure, with an area of 350,000 square meters on an area of approximately 100 acres, will make the facility one of the largest production facilities in terms of volume in the aircraft industry.
Archer’s Midnight aircraft model is designed to be safe, sustainable, quiet and carry four passengers and a pilot. Midnight is optimized to complete back-to-back short-haul flights of 32 to 80 km with a charging time of approximately 10 minutes. Stellantis has been Archer’s strategic partner with various collaboration initiatives since 2020 and its investor since 2021. “During this period, Archer will continue to leverage Stellantis’ established manufacturing, supply chain and design expertise to design, develop and commercialize eVTOL aircraft.”