Big deal done! Flying taxis are coming

global automaker Stellantis, Archer Aviation, Inc. enters the aviation industry by making a deal to build an electric flying taxi with Manufacturer of Stellantis, Chrysler, Dodge, Jeep, Ram, Opel, and other well-known brands. But it will now provide Archer with up to $150 million in equity in 2023 and 2024 and operate as a private contract manufacturer.

vertical takeoff and landing aircraft Wednesday, with a goal of starting production of the Midnight in 2024 at its Georgia manufacturing plant. Las VegasIt was announced during in . The firm announced in a press release that the vehicle will be “safe, sustainable, quiet and will carry four passengers plus a pilot.”

It will have a range of 160 km

Midnight, It will be designed to transport passengers over short distances, up to about 32 kilometers, but will have a range of 160 kilometers for back-to-back trips. The all-electric aircraft will require about 10 minutes of charging time between flights. Archer, MidnightHe says the aircraft will be designed to take off and land vertically like a helicopter, and when it reaches flight altitude, it will fly forward like a normal airplane.

Federal Aviation Administration, It is in the process of changing its regulations, including how to integrate short-haul taxis into airspace, and is creating pilot specifications. Planned aircraft are also being studied.

Archer, Stellantis first signed an agreement with in 2021 and Stellar‘s supply chain and production expertise. The announcement of Midnight takes the deal a step further.

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