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The following content is a news release issued by Archer Aviation and distributed by Business Wire. The original news release may be found here.

Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone

Issued by Archer AviationDistributed by Business Wire2 Jul 2024
Image of Archer's Midnight electric air taxi flying during a recent flight test. (Photo: Business Wire)

AMSTERDAM & SANTA CLARA, Calif.--(BUSINESS WIRE)--Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month. This latest investment builds on Stellantis’ serie...

Read the full news release here

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