What's Happening?
Archer Aviation has acquired the patent assets of defunct electric aircraft startup Lilium for €18 million ($21 million). Lilium, which ceased operations last year, was developing vertical take-off and
landing aircraft. Archer's acquisition includes patents related to high-voltage systems, flight controls, ducted fans, and advanced aircraft design. These patents will bolster Archer's intellectual property portfolio, which now includes over 1,000 global patent assets. Archer plans to integrate Lilium's technology into its existing projects, potentially expanding its focus beyond air taxis to include regional electric flight applications.
Why It's Important?
The acquisition of Lilium's patents represents a strategic move for Archer Aviation, enhancing its technological capabilities in the competitive eVTOL market. By incorporating Lilium's innovations, Archer can accelerate the development of advanced electric aircraft, potentially expanding its offerings to include regional flights. This move positions Archer to capitalize on the growing demand for sustainable and efficient air transportation solutions. The integration of Lilium's technology could lead to significant advancements in electric aviation, contributing to the industry's evolution and the broader push for environmentally friendly transportation.
