Stellantis N.V. and Archer Aviation, 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.

Archer is a leader in the electrification of aviation. Archer is designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Their goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world.