Global automaker Stellantis will mass produce an electric vehicle take-off and landing aircraft for Archer Aviation as part of an expanded partnership that includes giving the startup-turned-publicly traded company access to up to $150 million in additional capital over the next two years.
The agreement, announced Wednesday during CES 2023 in Las Vegas, will make Stellantis the exclusive contract manufacturer for Archer’s Midnight eVTOL aircraft.
Stellantis kicked off its partnership with Archer Aviation in 2020, offering it access to its global supply chain and other expertise. In February 2021, Stellantis expanded its relationship with the aviation startup through a collaboration agreement. That same month Archer announced plans to go public via a merger with special purpose …
