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Fiat Chrysler Teams With Silicon Valley Startup on New Air Taxi

Archer’s electric vertical takeoff and landing aircraft.

Archer’s electric vertical takeoff and landing aircraft.

Source: Archer

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Fiat Chrysler Automobiles NV will help Archer, a California startup, try to reduce production costs on a proposed electric aircraft designed to reduce traffic congestion and pollution.

The automaker’s low-cost supply chain and expertise in advanced materials and engineering will help to make Archer’s vehicle more affordable, the companies said in statement Tuesday. Archer said it plans to unveil its aircraft early this year, with production intended to start in 2023.