Stellantis

Archer has announced an agreement in principle on key terms for its contract manufacturing relationship with Stellantis. Building on the nearly US$300 million Stellantis has already invested, including US$55 million in July 2024, the company plans to fund additional costs to support Archer’s manufacturing goals. Stellantis will finance up to approximately US$370 million of the […]

Archer Aviation (Archer) has received an additional US$55 million investment from Stellantis, following the achievement of Archer’s 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 this year. During 2023, Stellantis invested US$110 million in Archer through a