Archer Hosts Stellantis CEO, Carlos Tavares, & Chairman of the Board, John Elkann To Review Progress

In the year since Stellantis strengthened their commitment to Archer by joining forces with us to manufacture our Midnight aircraft and providing us with up to $150M in additional equity capital, we’ve integrated dozens of Stellantis personnel into Archer’s team and made significant progress on the ramp of our manufacturing capabilities which will allow us to produce the aircraft necessary for Archer to kick off piloted "for credit" flight testing with the FAA later this year.

We were proud to host Stellantis CEO Carlos Tavares, Chairman of the Board, John Elkann, and several other executives from the Stellantis team at Archer's HQ and Integrated Test Lab and Manufacturing Facility this week. 2024 will be a huge year for the partnership as we also remain on track to finish construction on the world’s first high-volume eVTOL manufacturing facility in Georgia.

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About Archer: Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. (NYSE: $ACHR)

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