• Carlos Tavares recently visited our headquarters in Palo Alto to meet with our leadership team and review progress on the Stellantis-Archer strategic partnership
  

• We began our journey together in November 2020 when we entered into a collaboration agreement that allowed us to benefit from the automaker’s cost-efficient supply chain, advanced composite material capabilities, and engineering and design experience
  

• Stellantis was also a strategic investor in our business combination transaction that we closed last year
  

• Our strategic partnership with Stellantis has already resulted in the completion of seven critical joint projects, with plans to continue to tap into Stellantis’ manufacturing expertise as we look to begin high volume eVTOL aircraft production

We recently welcomed Carlos Tavares, CEO of Stellantis, and eight key members of his senior leadership team to our headquarters in Palo Alto. During the visit, the group of Stellantis executives met with our leadership team to review our progress in electric vertical takeoff and landing (eVTOL) aircraft development that has benefitted from the ongoing strategic partnership between the two companies. 

Under our agreements with Stellantis, we are provided access to the automaker’s cost-efficient supply chain, advanced composite material capabilities, and engineering and design experience. Over the past year alone, Stellantis has assisted Archer in completing seven critical joint projects, including those related to high volume composite manufacturing and properties testing, battery development and sourcing for commercial aviation applications, prototype composite part development, and cabin NVH (noise vibration harshness). 

There is also an ongoing collaboration with Stellantis relating to Archer’s manufacturing plant design and process layout activities. As one of the largest automotive manufacturers in the world, Stellantis has extensive experience in utilizing a variety of manufacturing technologies and techniques which will directly benefit Archer as we focus on industrializing our aircraft for production. The intent of our collaboration with Stellantis is to significantly decrease the cost of our eVTOL aircraft, enabling us to provide a competitively priced aerial rideshare service.

Following the visit, both companies are even more excited about exploring additional opportunities to work together to transform transportation through the commercialization of urban air mobility. We are lucky to have such a great partner as we continue to tackle the challenges ahead.