Stellantis will help Archer manufacture its first electric flying vehicle model and invest up to $150 million in the start-up.
Archer expects that its electric flying cars will be available for commercial use by 2025, granted it receives proper certification from the Federal Aviation Administration. To meet that deadline, Stellantis, which is accustomed to producing over 500,000 cars per month, will assist in Archer's manufacturing process.
Stellantis, which was created by the merger of Fiat Chrysler and PSA Groupe, has already spent billions developing electric vehicles through brands like Jeep, Ram, Dodge and Chrysler. The company is pushing into the eVTOL market even as recession fears weigh on automakers.Patrick T. Fallon | AFP | Getty Images
Electric flying vehicles are designed to propel themselves vertically using electrically-powered motors and rotating wings — like smaller, quieter helicopters.of the eVTOL industry is to eventually create broader infrastructure to allow flying cars to become a consumer's personal mode of transport. For example, installing "vertistops" — vehicle charging stations on top of buildings — in residential areas could make flying cars a driving norm.
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