The goal is to have the Midnight, a local take-off and landing vehicle designed for use in urban transportation, ready for production by 2024. Stellantis and Archer Aviation are partnering to bring the Midnight to market and potentially launch the new taxi service in New York in 2025.
Stellantis, the fourth-largest car manufacturer in the world, was created through the merger of Italian-American company Fiat-Chrysler and French company PSA in early 2021. The company recently acquired Aimotive, a Hungarian developer of self-driving technology. Archer Aviation was founded in 2020 and went public on the New York Stock Exchange in the autumn of 2021.
However, the value of Archer’s shares has decreased significantly over the past year and a half. Before going public, the company raised $1.1 billion in funding from investors, which demonstrates that developing EVTOLs is a costly endeavor.
$150 million for series production of the air taxi
Archer, a California-based company, recently announced that it is building a plant in Georgia, with funding from Stellantis, where it plans to begin producing Midnights in 2024. The series production of the air taxi will cost $150 million.
Capable of carrying four passengers and a pilot, Midnight is designed primarily for short city flights: it will be able to make round trips of 20 miles (32 kilometres) with a charging time of around 10 minutes. Powered by two electric motors and 6 separate batteries, it has a total range of up to 100 miles (160 km) on a single charge and a top speed of 240 km/h (150 mph). Archer says their electric EVTOL will be a quiet, safe and sustainable means of transport.
Stellantis is investing $150 million in Archer, with the aircraft manufacturer able to draw down the fresh capital over the next two years subject to certain milestones being met. In addition to capital, Stellentis will also provide knowledge: it will help build manufacturing capacity and later also sales, thanks to its extensive network and experienced team.
Development was also risky and expensive
Stellantis will be the exclusive manufacturer of the Midnight, while Archer will be responsible for obtaining the necessary operating licenses and certificates for the air taxi. Archer’s team is confident that they will be able to obtain these licenses and begin flying in major US cities in 2025, following the start of series production in 2024.
Archer has already completed successful test flights, which puts them in a good position to obtain the necessary certificates. In addition to providing financing for the production of the Midnight, Stellantis will also take on a larger stake in Archer as a long-term strategic investor. The two companies have a history of cooperation, with Stellantis previously investing in Archer in 2021.
Archer has already booked a major pre-order
Last summer, United Airlines paid a $10 million advance for 100 EVTOLs. The first commercial flights will be launched with the airline. The plan is to link Newark airport near New York with the city. With the expressway, especially at peak times, the journey can take up to an hour, with EVTOL completing the journey in less than 10 minutes.
According to Stellantis CEO Carlos Tavares, the partnership with Archer demonstrates the company’s commitment to pushing the boundaries of mobility and investing heavily in the coming years to become a semi-software company. With the resources provided by Stellantis, Archer will have a greater chance of success in the competitive market for air taxis.
At the same time, the addition of Archer to Stellantis’ portfolio will help the company strengthen its reputation as an innovative giant and bring significant knowledge capital through Archer’s expertise in developing EVTOLs, electric drive trains, motors, and batteries.
Recent article
News & Articles Propulsion-Fuel
NASA’s Propellant-less Engine Pioneers New Avenues in Space Travel
EVTOL & VTOL News & Articles
The EU’s Regulatory Framework for Urban Air Mobility
News & Articles Propulsion-Fuel
Biofuel-Powered eVTOLs
Flying Cars News & Articles
A well-known man was the first passenger in the Slovak flying car
Flying Cars News & Articles
What will it be like to speed on the highways of the sky ?
News & Articles Points of interest
How Virtual Reality is Transforming Pilot Training for eVTOLs ?
Flying Cars News & Articles
Boeing would let flying cars into the air
EVTOL & VTOL News & Articles
Skybound Regulations: Navigating the Future of Air Taxis and eVTOLs in the EU
Drones News & Articles
How Can Drone Technology Be Integrated into Current Urban Planning to Benefit Cities Without Compromising Privacy and Security ?
Drones News & Articles
Remote refuelling drone
Drones News & Articles
More and more things are being delivered by drones
News & Articles Propulsion-Fuel
Exploring Solid-State Batteries in eVTOL Applications: A Leap Towards Extended Range and Reliability
EVTOL & VTOL News & Articles
New design solves one of the biggest problems of eVTOLs
News & Articles Points of interest
One of the world’s biggest online stores to use missiles to deliver parcels
Electric airplane News & Articles
Advancements in Propulsion Technology
EVTOL & VTOL News & Articles
Unraveling eVTOL Operational Costs and Solutions
EVTOL & VTOL News & Articles
Interoperability Challenges in Urban Air Mobility: Can EVTOLs, Drones, and Flying Cars Share the Skies ?
EVTOL & VTOL News & Articles
How are countries collaborating to standardize regulations, safety protocols, and infrastructure development for the seamless integration of eVTOLs and flying cars into global airspace ?
Air taxi News & Articles
First urban air taxi services to start soon
EVTOL & VTOL News & Articles
How do companies plan to ensure the cybersecurity of eVTOLs and flying cars, given their reliance on digital technologies for navigation, control, and communication ?
News & Articles Propulsion-Fuel
Biofuel-Powered Aircraft and Drones
Flying Cars News & Articles
The Resilience of Flying Cars in Adverse Weather Conditions
Air taxi News & Articles
Aesthetic Appeal and Passenger Experience: Pivotal Factors in Air Taxi Design
Flying Cars News & Articles
A Chinese company may produce the AirCar flying cars
EVTOL & VTOL News & Articles
The Synergy of Machine Learning and Advanced Aviation Technologies
Drones News & Articles
New Chinese drone could confuse enemy defences by splitting in two
Additional aircraft News & Articles
How the next generation of supersonic commercial aircraft took to the skies
Air taxi News & Articles
Economic Dynamics of Urban Air Mobility
Flying Cars News & Articles
What are the solutions to reduce noise from Evtol and flying cars ?
EVTOL & VTOL News & Articles
Suzuki to produce a flying car
Air taxi News & Articles
You can now order a flying taxi from the online shop
Drones News & Articles
Advanced Materials and Manufacturing Techniques for Drones
Additional aircraft News & Articles
Other notable aircraft
Air taxi News & Articles
What impact will air taxi services have on Dubai’s economy, especially the tourism sector ?
EVTOL & VTOL News & Articles
Why is travelling with Evtol safer than with conventional aircraft ?
Air taxi News & Articles
Autonomous Air Traffic Control Systems
Drones News & Articles
The Promise of Airborne Wind Energy (AWE) Systems Powered Drones
Drones News & Articles
Swarm Technology for Drones
EVTOL & VTOL News & Articles
The Global Race for Air Mobility Supremacy: Who Are the Leading Players and Innovators ?
News & Articles Propulsion-Fuel
The Environmental Impact of Electric Aviation: Beyond Zero Emissions
More articles you may be interested in...
Electric airplane News & Articles
Advancements in Propulsion Technology
EVTOL & VTOL News & Articles
Unraveling eVTOL Operational Costs and Solutions
EVTOL & VTOL News & Articles
Interoperability Challenges in Urban Air Mobility: Can EVTOLs, Drones, and Flying Cars Share the Skies ?
EVTOL & VTOL News & Articles
How are countries collaborating to standardize regulations, safety protocols, and infrastructure development for the seamless integration of eVTOLs and flying cars into global airspace ?
EVTOL & VTOL News & Articles
Suzuki to produce a flying car
SkyDrive is to start production in collaboration with Suzuki at the renowned Japanese car manufacturer's.......... READ MORE
Air taxi News & Articles
You can now order a flying taxi from the online shop
In a groundbreaking move that marks a significant milestone in the aviation and urban mobility.......... READ MORE
Drones News & Articles
Advanced Materials and Manufacturing Techniques for Drones
In the rapidly evolving drone industry, advancements in materials science and manufacturing techniques are setting.......... READ MORE
Additional aircraft News & Articles
Other notable aircraft
Although the aerospace industry has already created working eVTOL (electric vertical take-off and landing) vehicles.......... READ MORE
Air taxi News & Articles
What impact will air taxi services have on Dubai’s economy, especially the tourism sector ?
Dubai's introduction of air taxi services by 2026, in partnership with Joby Aviation and Skyports.......... READ MORE
EVTOL & VTOL News & Articles
Why is travelling with Evtol safer than with conventional aircraft ?
Electric Vertical Take-off and Landing (eVTOL) aircraft represent a major leap forward in aviation technology,.......... READ MORE
Air taxi News & Articles
Autonomous Air Traffic Control Systems
In the advent of groundbreaking advancements in aviation technology, the skies are set to become.......... READ MORE
Drones News & Articles
The Promise of Airborne Wind Energy (AWE) Systems Powered Drones
Airborne Wind Energy (AWE) systems represent a transformative approach to harnessing wind power, utilizing kites,.......... READ MORE