“Archer Aviation to be Granted USD10 million in Benefits for Californian Electric Powertrain Facility”

Archer Avi­a­tion has been grant­ed sales and tax ben­e­fits of USD10 mil­lion by California’s Alter­na­tive Ener­gy and Advanced Trans­porta­tion Financ­ing Author­i­ty (CAEATFA) for its elec­tric pow­er­train facil­i­ty, reports a press release. 

The com­pa­ny announced this week it had received approval from CAEATFA for the USD117 mil­lion project cov­er­ing the expan­sion of its advanced man­u­fac­tur­ing facil­i­ties in the State, includ­ing the ramp of an advanced elec­tric pow­er­train facil­i­ty, as it pre­pares for com­mer­cial­i­sa­tion. The CAEATFA sales and tax exclu­sion is expect­ed to result in the USD10 mil­lion via finan­cial ben­e­fits to Archer over the next few years.

In May, the com­pa­ny announced the instal­la­tion com­ple­tion of its high-vol­ume bat­tery pack man­u­fac­tur­ing line at its facil­i­ty in San Jose, Cal­i­for­nia. This premis­es is designed for high-vol­ume pro­duc­tion from day one with the capa­bil­i­ty of pro­duc­ing up to 15,000 of the company’s pro­pri­etary bat­tery packs per year at full capac­i­ty. This facil­i­ty will pro­duce the packs need­ed to sup­port the ramp up of Archer’s elec­tric air­craft pro­duc­tion planned for next year and beyond.

Archer Com­pletes Instal­la­tion “Of High-Vol­ume Bat­tery Pack Man­u­fac­tur­ing Line”

Adam Gold­stein, co-Founder and CEO of Archer Avi­a­tion, com­ment­ed, “We are proud to receive this award from CAEATFA. As a leader in the elec­tri­fi­ca­tion of avi­a­tion, we are work­ing hard to help Cal­i­for­nia meet its most ambi­tious cli­mate goals.”

Eric Swal­well, U.S rep­re­sen­ta­tive for Cal­i­for­ni­a’s 14th Con­gres­sion­al Dis­trict, remarked, “I applaud Archer’s lead­er­ship to draw cut­ting-edge busi­ness­es to Cal­i­for­nia while cre­at­ing more jobs for Amer­i­can work­ers. I look for­ward to see­ing the next ground­break­ing dis­cov­er­ies from them here in our State.”

For more infor­ma­tion

https://www.archer.com

(Top image: Archer/Business Wire)

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