What Happened
Electric Air Taxi Rivalry Shifts with Strategic Acquisition
Archer has announced the acquisition of Wisk Aero, SkyGrid, and Insitu from Boeing, in a move that is set to reshape the electric vertical takeoff and landing (eVTOL) market. The acquisition will give Archer access to Wisk’s autonomous electric air taxi technology, as well as proprietary autonomous flight, electric drivetrain, and uncrewed aerial systems technologies. This deal was reported by an unknown source.