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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.

Over the last 8 months, Archer Aviation has completed a total of 402 test flights with its composites-intensive aircraft, adding to key milestones.

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

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.

Landmark investment in eVTOL technology by U.S. military is part of the next phase in partnership between Archer and AFWERX program.

“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.

Stellantis is to contribute advanced manufacturing technology and expertise, experienced personnel and capital, in addition to help stand up Archer’s new composites manufacturing facility, with the ultimate goal of becoming Archer’s exclusive contract manufacturer.

The eVTOL aircraft company is now authorized to perform specialized aircraft repair services on crucial aircraft components.

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