Italy’s angels&incubators and venture capital weekly roundup. News from Stellantis, Iride Acque, Banca Valsabbina, Endeavor Italia and more.

Stellantis, the French-Italian automotive company, invested 150 million Dollars in the California-based scaleup Archer, a NYSE-listed producer of electric vertical takeoff and landing (eVTOL) aircrafts, (See here a previous post by BeBeez). Stellantis aims to support Archer for the production of Midnight, an eVTOL cab. Stellantis made such resources available for a capital increase that Archer may launch between 2023 and 2024. Stellanti salso aims to purchase further shares of the company on the public market in the frame of a partnership aimed at the building a plant in Covington, Georgia, where the production of Midnight may start in 2024. Adam Goldstein and Brett Alcock founded Archer in 2020 and since then raised 857.6 million from PIPE