Electric vertical takeoff and landing (eVTOL) aircraft developer Archer Aviation just got its hands on a fresh set of advanced air mobility (AAM) blueprints.
The California-based company on Wednesday announced it secured about 300 patents from German eVTOL jet developer Lilium for close to $21 million, winning a competitive bid process that reportedly included competitor Joby Aviation. Lilium—which had been developing a seven-passenger model with ducted fan-based propulsion—shut down its operations in February after failing to secure financing that would have kept it afloat during the rigorous development process.
