This website uses cookies
More information
The monthly news publication for aviation professionals.
See more information from the Business Air News Handbook...

Archer Aviation, Inc.

Archer Midnight

BAN's World Gazetteer

The monthly news publication for aviation professionals.

Request your printed copy

Stellantis commits to Midnight manufacturing
Stellantis says its commitment of significant resources, both manufacturing and financial, to build the Midnight aircraft places Archer in a strong position to be first to market.
Stellantis will mass produce Archer's Midnight aircraft as its exclusive contract manufacturer.
Read this story in our February 2023 printed issue.

Archer Aviation has significantly expanded its partnership with Amsterdam-headquartered automotive manufacturing corporation Stellantis, joining forces to manufacture Archer's flagship eVTOL aircraft. The goal is for Stellantis to mass produce the Midnight aircraft as its exclusive contract manufacturer.

Stellantis will work with Archer to prepare the developer's facility in Covington, Georgia where they plan to begin manufacturing in 2024. The Midnight is designed to be safe, sustainable, quiet and, with its expected payload of over 1,000 pounds, can carry four passengers plus a pilot. With a range of 100 miles, the Midnight is optimised for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between.

This partnership will leverage each company's respective strengths and competencies to bring the Midnight aircraft to market. Archer brings its team of eVTOL, electric powertrain and certification experts while Stellantis will contribute advanced manufacturing technology and expertise, experienced personnel and capital. This combination is intended to enable the rapid scaling of aircraft production to meet Archer's commercialisation plans, while allowing Archer to strengthen its path to commercialisation by helping it avoid hundreds of millions of dollars of spending during the manufacturing ramp up phase.

As a further sign of its commitment, Stellantis will provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024, subject to achievement of certain business milestones that Archer expects to occur in 2023. Stellantis also intends to increase its strategic shareholding through future purchases of Archer stock in the open market. These actions, along with the other elements of this expanded partnership, will enable Stellantis to become a long-term, cornerstone investor in Archer.

“We've been working closely with Archer for the past two years, and I am continually impressed by its ingenuity and unwavering commitment to deliver,” says CEO Carlos Tavares. “Deepening our partnership with Archer as a strategic investor with plans for growing our shareholding demonstrates how Stellantis is pushing the boundaries to provide sustainable freedom of mobility, from the road to the sky. Supporting Archer with our manufacturing expertise is another example of how Stellantis will lead the way the world moves.”

“Stellantis' continued recognition of Archer's progress toward commercialisation and today's commitment of significant resources to build the Midnight aircraft with us places Archer in a strong position to be first to market,” adds Archer founder and CEO Adam Goldstein. “Our two companies are taking these important steps together to realise a once-in-a-generation opportunity to redefine urban transportation.”

Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives and 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 commercialise its eVTOL aircraft.

Other News
Archer's Midnight aircraft begins to come together
March 15, 2023
Archer has begun component manufacturing for its Midnight aircraft. The company is targeting completion of its initial Midnight aircraft in Q4 2023, with flight testing expected to commence in the middle of the year.
Construction begins on Archer's eVTOL factory
March 9, 2023
The planned approximately 350,000 square-foot facility is strategically located adjacent to the Covington Municipal Airport and will be capable of producing up to 650 aircraft per year.
Midnight's airworthiness criteria are published in Federal Register
December 22, 2022
Publication in the register is part of the FAA's type certification process for special class aircraft. The FAA will soon finalise Midnight's airworthiness criteria taking it closer to type certification and entry into service.