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Stellantis Strengthens Ties with Archer Aviation, Injects $55M Following Key Milestone

Stellantis N.V. (NYSE:STLA) shares are trading lower today. The company disclosed an investment of an additional $55 million in Archer Aviation Inc. (NYSE:ACHR). This investment, part of their strategic funding agreement, comes after Archer reached its transition flight test milestone last month. This latest investment follows Stellantis’ earlier open market purchase of 8.3 million shares worth $39 million of Archer’s stock in March, as previously announced. Also Read: Stellantis Recalls Over 1M Vehicles In US Over Rearview Camera ...