In a strategic move to strengthen its presence in the emerging air taxi market, Stellantis has committed up to $370 million to support the production of air taxis by Archer Aviation. This substantial investment will specifically target the manufacturing of Archer’s Midnight aircraft, with production targets set at approximately 650 units annually.
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The successful flight of Archer Aviation’s Midnight eVTOL represents a significant milestone in the development of flying taxis. As urban areas continue to grapple with transportation issues, innovations like the Midnight offer a glimpse into a future where the skies may become our new commuting highways.