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Stellantis invests additional $55M in Archer

Archer Aviation 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’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year that was previously announced. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement.

Archer remains on track to complete construction of its high-volume manufacturing facility in Georgia later this year. This first phase of the build out is a ~350,000 square foot facility on an ~100 acre site designed to support production of up to 650 aircraft annually, which would make it one of the largest manufacturing facilities by volume in the aircraft industry.

Archer’s goal with this facility remains to establish a factory that can support its planned commercial ramp up by leveraging the expertise of Stellantis as its contract manufacturer.

Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives, and as an investor since 2021. During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.



Well, something has to happen for air transport, other than the present 'plan' to produce more and more aircraft regardless, in the vague hope that someone or other will come out with a miraculous plan to mass produce zero SAF.

' The reality of the climate impact of long-distance passenger travel has been revealed in new research from the University of Leeds.

Despite only accounting for less than 3% of all trips by UK residents, journeys of more than 50 miles (one way) are responsible for 70% of all passenger travel-related carbon emissions.

The disparity is even greater when international travel is singled out: International journeys are only 0.4% of total trips, but are responsible for 55% of emissions.

The new research, published today in the journal Nature Energy, also shows that targeting long-distance travel may be a more effective way of tackling emissions than current efforts focusing on local and commuter journeys.

While the number of long and short distance domestic journeys by car has fallen slightly over the last 25 years, international air travel has increased significantly, driven by an increase in trips for leisure and visiting friends and family.'

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