Archer receives further $55 million investment from Stellantis

Archer Aviation has secured an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of Archer’s transition flight test milestone last month. This latest investment follows Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement. According to a statement, Archer remains “on track to complete construction of its high-volume manufacturing facility in Georgia later this year”, with the intention to establish