Since its inception, Stellantis has invested in the research, development, and deployment of technologies that ensure clean, safe and affordable mobility. Why? To create innovation that addresses human aspirations. This vision is fueled by a sky-high belief in our capacity to cross new frontiers in innovation. And to meet new kinds of challenges, we are forging new kinds of partnerships. One of those partnerships is with Archer Aviation, a leading developer of electric air taxis, which offers a fast, safe, quiet and sustainable way for people to get around cities.
As a strategic partner, Stellantis will provide Archer up to $150 million of equity capital to help ramp up and scale production of Archer’s Midnight all-electric vertical takeoff and landing (eVTOL) aircraft designed for high-throughput urban flights. Powered by six independent battery packs, Midnight is designed to produce zero carbon emissions during operation. With a range of up to 100 miles, but optimized to conduct back-to-back flights of 20 miles, with approximately 10-minutes charging time between flights and an expected payload of 1,000 pounds, Midnight can carry four passengers plus pilot, for safe, quick, convenient and emission-free hops over gridlocked traffic.
