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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.

Archer Aviation has made several key announcements including additional secured equity capital, network plans in LA and updates to a contract with the U.S. Air Force.

The composite eVTOL developer has now received two key operational certificates required from the FAA to begin operations when Midnight receives type certification.

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

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.

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

“Automotive-style” line has the capability of producing up to 15,000 battery packs — complete with composite enclosures and cylindrical cells — per year to keep up with eVTOL aircraft production goals.

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.

Final airworthiness criteria provides a solidified path for Archer to achieve type certification for its eVTOL aircraft.

This is Archer’s second full-scale eVTOL aircraft to achieve this milestone, critical to being able to carry commercially viable passenger payloads.