Stellantis to build Archer’s Midnight electric aircraft in Georgia

Las Vegas — If Jeep SUV and Ram pickup truck owners think their vehicles are fly, wait until they see the latest vehicle the automaker has announced it’ll build.

Expanding its partnership with California-based startup Archer Aviation Inc., Stellantis NV said on Wednesday it’ll manufacture Archer’s Midnight, an electric vertical take off and landing, or eVTOL, aircraft designed to launch for the creation of an urban air taxi and mobility network that customers could grab at the cost of ride-hailing. The automaker will help to start up the manufacturing plant Archer has announced outside Atlanta in Covington, Georgia — marking yet another instance of next-generation technology slated for production by one of the Detroit Three automakers in the South.

Production is planned to launch in late 2024 when Archer expects to certify the aircraft with the Federal Aviation Administration.

Stellantis NV will manufacture Archer Aviation Inc.'s Midnight electric aircraft.

The goal is for Stellantis to be the exclusive contract manufacturer of Midnight. The agreement is a collaboration seeking to leverage both partners’ strengths. Archer brings its expertise in the development of eVTOLs, electric powertrains and certifications, while Stellantis offers its long history of knowledge and capability in mass manufacturing in a highly regulated sector.

Stellantis also has opened its pocketbook for the project, committing to provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024 so long as it achieves certain milestones that Archer expects to occur this year.

The agreement could position Archer to be the first eVTOL to market in a once-in-generation opportunity to reshape urban transportation, Archer CEO Adam Goldstein said during a virtual roundtable.

Stellantis NV will manufacture Archer Aviation Inc.'s Midnight electric aircraft.

Unveiled in November, the Midnight is an aircraft that can carry a pilot and up to four passengers. It looks like a plane, but launches and lands more like a helicopter since it doesn’t require a runway. The Midnight has a range of 100 miles, according to Archer, and was designed for back-to-back short distance trips of around 20 miles with a charging time of 10 minutes in-between. It is capable of carrying more than 1,000 pounds and can travel at speeds up to 150 mph.

The goal is to make road trips that now take 1 to 2 hours over 20 to 50 miles because of congestion more efficient. Archer hopes to create an urban air mobility network to launch in 2026. It has announced with United Airlines Inc. that its first commercial air taxi route will be between New Jersey’s Newark Liberty International Airport and the Downtown Manhattan Heliport above Battery Park on Pier 6. United in August also gave Archer a $10 million pre-delivery payment for 100 of the production eVTOLs.

“If you think about your typical trip to an airport, you always budget the worst case scenario, because you don’t want to miss it,” Goldstein said. “And so those are very low hanging fruit type of trips where we can save people considerable amounts of time and deliver a very fantastic experience and potentially, you’d be able to arrive behind security.”

Over a multi-year partnership, Stellantis NV has contributed expertise in design as well as manufacturing and supply chain to Archer Aviation Inc.

Since 2020, Fiat Chrysler Automobiles NV, which became Stellantis following its 2021 merger with French automaker Groupe PSA, has offered its expertise in manufacturing, supply chain and design to Archer as a strategic partner. It became an investor last year through its $328 million Stellantis Ventures arm.

Stellantis intends to increase its shareholding in Archer through future purchases of publicly traded Archer stock on the New York Stock Exchange. It will maintain a minority position to reduce risks for the startup, but Stellantis CEO Carlos Tavares says he has confidence in the innovative leadership of Archer.

The purpose of Stellantis, Tavares said, is to offer the freedom of mobility. Archer represents a new avenue toward that goal.

“I really think sincerely that the field of affordability is at risk in the Western world, that there are more and more constraints, more and more things that prevent you from going from A to B at your leisure when you wish to do so at the cost competitive level with the right safety,” he said. “I believe that possible democracies cannot survive if they don’t protect the freedom of mobility of their citizens. … Anything that relates to giving breathing space to the citizens, giving them the sense that they are free to move in a safe, cost competitive way from A to B at their leisure when they decide to do it is the reason why we exist.”