Stellantis Invests Additional $55M in Electric Air Taxi

Stellantis NV has made a significant additional investment of $55 million in Archer Aviation Inc., a California-based electric air taxi company, following a successful test flight and other key achievements. This partnership aims to revolutionize urban travel with electric vertical takeoff and landing aircraft (eVTOL), offering faster commutes within congested cities and to major airports. Archer's recent milestones include obtaining Federal Aviation Administration approvals, securing agreements with United Airlines for air taxi operation, and developing a manufacturing facility in Georgia with support from Stellantis. The collaborative effort between Stellantis and Archer showcases the potential for electric air taxis to transform the future of transportation, demonstrating the importance of strategic partnerships and investments in advancing innovative mobility solutions.