PARIS : Car maker Stellantis will help build Archer Aviation's electric aircraft Midnight eVTOL and increase its stake in the U.S. company, the two firms said on Wednesday.Industrial firms and new startups are flocking to invest in air taxis, which can take off and land vertically to ferry travellers to a
PARIS : Car maker Stellantis will help build Archer Aviation's electric aircraft Midnight eVTOL and increase its stake in the U.S. company, the two firms said on Wednesday.
It is designed for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between. Stellantis will also increase its existing stake in Archer through stock purchases in the open market.
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