Stellantis invests additional $55 million in archer following recent flight test milestone

Amsterdam & santa clara, calif.--(business wire)--stellantis n.v. (nyse: stla / euronext milan: stlam / euronext paris: stlap) and archer aviation inc. (nyse:achr), a leader in electric vertical takeoff and landing (evtol) aircraft, today announced archer has received an additional $55 million investment from stellantis under the companies' strategic funding agreement following the achievement of its transition flight test milestone last month. this latest investment builds on stellantis' serie.
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