Archer Aviation Inc. announced that it has entered into an agreement that it will receive up to $150,000,000 in an equity round of funding on January 4, 2023. The transaction will include participation from existing investor, Stellantis N.V. The equity capital will be potential draw by the company at its discretion in 2023 and 2024, subject to achievement of certain business milestones which the company expects to occur in 2023.