{"id":412912,"date":"2021-01-12T08:03:20","date_gmt":"2021-01-12T13:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412912"},"modified":"2021-01-12T08:03:20","modified_gmt":"2021-01-12T13:03:20","slug":"archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\/","title":{"rendered":"Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Archer will benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience<\/li>\n<li style=\"text-align:justify\">Archer will begin volume manufacturing eVTOL aircraft starting in 2023<\/li>\n<li style=\"text-align:justify\">Archer\u2019s first eVTOL aircraft, to be unveiled in early 2021, will include cockpit design elements from FCA\u00a0<\/li>\n<\/ul>\n<p align=\"justify\">PALO ALTO, Calif., Jan.  12, 2021  (GLOBE NEWSWIRE) &#8212; Archer and Fiat Chrysler Automobiles (FCA) announced today that they have entered into a definitive agreement to enable Archer to benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience.<\/p>\n<p align=\"justify\">California-based Archer is creating the world\u2019s first all-electric airline that moves people throughout the world&#8217;s cities in a quick, safe, sustainable, and cost-effective manner. The new partnership will help accelerate Archer\u2019s timeline in becoming an industry leader with the resources and capabilities to capitalize on the new era of sustainable air mobility, a market that Morgan Stanley estimates will be $1.5 trillion by 2040.<\/p>\n<p align=\"justify\">Archer will manufacture high-volume, composite, electric vertical takeoff and landing (eVTOL) aircraft, with the intent of starting production in 2023. FCA, the parent company of established automobile brands including Chrysler, Dodge, Jeep, and Ram, has already collaborated on cockpit design elements of Archer\u2019s first aircraft which is expected to be unveiled in early 2021. The 100% electric aircraft will be capable of traveling distances of up to 60 miles at 150 mph. Through this announced collaboration, the companies will work together to significantly decrease the cost of production, enabling Archer to bring affordably priced services to customers via its ultra-quiet, high-performance eVTOL aircraft.\u00a0<\/p>\n<p align=\"justify\">\u201cWe&#8217;ve been hyper-focused on a customer-first approach to vehicle design and aircraft operations,\u201d said Brett Adcock, Co-Founder &amp; Co-CEO of Archer. \u201cNow we are working with a seasoned, industry-leading automotive partner to leverage cost benefits and experience that will allow Archer to produce thousands of aircraft reliably and affordably every single year.&#8221;<\/p>\n<p align=\"justify\">\u201cElectrification within the transportation sector, whether on roads or in the air is the future and with any new and rapidly developing technology, scale is important,\u201d said Doug Ostermann, Vice President and Head of Global Business Development of FCA. \u201cOur partnership with Archer has mutual benefits and will enable innovative, environmentally friendly transportation solutions to be brought to market at an accelerated pace.\u201d<\/p>\n<p align=\"justify\">\u201cWe are excited to team up with one of the world&#8217;s largest automotive companies on our mission of advancing the benefits of sustainable air mobility\u201d said Adam Goldstein, Co-Founder &amp; Co-CEO of Archer. \u201cThis is a first-of-its-kind deal for one of Detroit\u2019s Big Three auto makers in moving into the Urban Air Mobility space. There is now a clear path for Archer to bring mass production to this industry, changing the way people travel in and around cities forever.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Archer<\/strong><br \/>\n        <br \/>Archer\u2019s mission is to advance the benefits of sustainable air mobility. Archer is creating the world\u2019s first electric airline that moves people throughout the world&#8217;s cities in a quick, safe, sustainable, and cost-effective manner. As the world\u2019s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise. Archer&#8217;s team is based in Palo Alto, CA. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UQolntAgIFtbwlOpsq9_avkdsvVBh9qHrSLA3FTdnYbtNkuHcXRncpCWu7i3BELum7D5op9rQ8MXYhE4X6PKyw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.flyarcher.com<\/u><\/a><\/p>\n<p align=\"justify\">\n        <strong>About FCA US<\/strong><br \/>\n        <br \/>Fiat Chrysler Automobiles (FCA) US is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Chrysler, Dodge, Jeep\u00ae, and Ram. It also sells parts and services under the Mopar name. For more information regarding FCA, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lS9HB08ju0wyDc72_SjXVQxvXLilB0I23R2chv2sR-E2hUnjH-Xsd3RU6j7Cy2uBoK4bEt1YVeVfGA6s5wD81g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.fcagroup.com<\/u><\/a><\/p>\n<p>For Archer Media Enquiries:<\/p>\n<p>Louise Bristow<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=et5A0D2MpBom_KzhS9Gy6k1eS5FleRkPrGUqGrWVPuOCW9O6KAWd44q7NMhMoC4-g6De-_iashkU8ESEiHn7B6VLx3RiYcJxStvG1AzFak4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">louise@flyarcher.com<\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v02103I6JFr-Z1OFkxIcC7n8OTx_xRth4rXy4Pkt0X4jgWX56Fm0m41tGxJ9OcCf5H0XrWOcEr88_Wpm3bsqGLzwxZ2pS2joCNUvmPr03qE_u18iX6AjKLQR9Gk98l5_l5nn-t3YcaW0uOImp6zmHClwYK80fVQ280uN240P_imyz6r0it9kYCRSpRwyTTnODdPKXjMcn60nDaN8LhGteG6WCTrPcVqeOFpfbJ_m9zd1S7lXAbnE0GoefsBqBAkBti0iBaDUORCd5zcPxY_H1w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/fcb58960-a652-49b4-b7c4-378a80e39b6b<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDEzMCMzOTE0Mjc2IzUwMDA3MjEwMQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/db03b5e8-a95e-4b19-b7d3-5dd89ed2d046\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Archer will benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience Archer will begin volume manufacturing eVTOL aircraft starting in 2023 Archer\u2019s first eVTOL aircraft, to be unveiled in early 2021, will include cockpit design elements from FCA\u00a0 PALO ALTO, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; Archer and Fiat Chrysler Automobiles (FCA) announced today that they have entered into a definitive agreement to enable Archer to benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. California-based Archer is creating the world\u2019s first all-electric airline that moves people throughout the world&#8217;s cities in a quick, safe, sustainable, and cost-effective manner. The new partnership will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-412912","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Archer will benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience Archer will begin volume manufacturing eVTOL aircraft starting in 2023 Archer\u2019s first eVTOL aircraft, to be unveiled in early 2021, will include cockpit design elements from FCA\u00a0 PALO ALTO, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) &#8212; Archer and Fiat Chrysler Automobiles (FCA) announced today that they have entered into a definitive agreement to enable Archer to benefit from access to FCA\u2019s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. California-based Archer is creating the world\u2019s first all-electric airline that moves people throughout the world&#8217;s cities in a quick, safe, sustainable, and cost-effective manner. The new partnership will &hellip; Continue reading &quot;Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T13:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDEzMCMzOTE0Mjc2IzUwMDA3MjEwMQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production\",\"datePublished\":\"2021-01-12T13:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/\"},\"wordCount\":644,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNDEzMCMzOTE0Mjc2IzUwMDA3MjEwMQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/archer-taps-fcas-scale-and-expertise-to-accelerate-electric-vertical-take-off-and-landing-aircraft-evtol-production\\\/\",\"name\":\"Archer Taps FCA\u2019s Scale and Expertise to Accelerate Electric Vertical Take Off and Landing Aircraft (eVTOL) Production - 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California-based Archer is creating the world\u2019s first all-electric airline that moves people throughout the world&#8217;s cities in a quick, safe, sustainable, and cost-effective manner. 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