Archer Aviation Inc. (ACHR), Tuesday announced that the company has received an additional $55 million investment from Stellantis N.V. (STLA), following the transition flight test milestone last month.
The additional investment, under the companies' strategic funding agreement, is built on the open market purchases of 8.3 million shares of Archer by Stellantis in March.
Archer CEO, Adam Goldstein, said, "Together, we're working to redefine urban transportation, opening new worlds of opportunity for citizens across the globe by providing more efficient access to people, places, and events across the regions they live in."
Also, the company stated that its high-volume manufacturing facility in Covington, Georgia, would be completed later this year.
Currently, Archer's stock is moving up 10.56 percent, to $3.78 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.