Stellantis to invest $150M in Archer Aviation / GM surpasses Toyota in U.S. sales / NYC to buy 925 EVs

1. Stellantis revealed it is partnering with Archer Aviation to provide up to $150M in funds in the next two years. Under the deal, the automaker will be the exclusive manufacturer of the Midnight eVTOL.  Q: Archer is seeking to complete the eVTOL's FAA certification in 2024 and launch an air taxi network in Los Angeles. Which cities do you think are apt for eVTOL flights? Share your thoughts. 2. General Motors sold 2.7 million vehicles (+2.5% YoY) in the U.S. in 2022, surpassing Toyota's 2.1 million units (-9.6% YoY). Electric vehicles comprised 2% of GM's sales. Q: Do you think General Motors will increase the percentage of EVs to total sales in 2023? Share your thoughts. 3. The Department of Transportation allocated $10.1M to New York City for the purchase of 925 electric vehicles and the installation of 315 EV chargers. The city opted for 382 Chevrolet Bolts, 360 Ford E-Transit vans, and 150 Ford F-150 Lightning pickup trucks. Q: The NYC Department of Citywide Administrative Services has a goal of attaining a 100% electric light- and medium-duty fleet by 2035. Share your thoughts on the timeline. 4. Micro-mobility operator Dott revealed its average user trip distance increased by 11% to ~1.36 miles in 2022, for a total of 45.9 million miles. The average ride time was 11 minutes. 5. Electric truck manufacturer Vicinity Motor secured $30M in loans from the Royal Bank of Canada and Export Development Canada. The company, which shifted manufacturing to a new site in Ferndale, Washington, expects an annual output of 10,000 electric Class 3 units. 6. Budget carrier Ryanair raised its profit guidance for fiscal 2023 from a range between €1B and €1.2B ($1.06B to $1.27B) to between €1.325B and €1.425B ($1.4B to $1.51B). The airline forecasts an increase driven by pent-up demand following the effects of COVID-19 and the war in Ukraine. 7. The trademark filed for Tesla under the category of electric motors for boats and aircraft was reportedly submitted by a fan and not affiliated with the company. The application was signed by Jerome Eady, who said he intended to help the company.  Nicolas is a Sr. Analyst at Inside, covering transportation and IT trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups.  Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. If your company would like to sponsor an Inside.com newsletter, please take a look at our sponsor page here.

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