Defunct electric aircraft startup Lilium’s tech lives on over at Archer
Archer prevailed in a competitive bidding process that included Ambitious Air Mobility Group and U.S. based Joby Aviation.
Archer prevailed in a competitive bidding process that included Ambitious Air Mobility Group and U.S. based Joby Aviation.
The move comes just one month after Uber partner Joby acquired Blade’s passenger business.
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Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe, for as much as $125 million.
Joby’s years of R&D with the DoD may be paying off. The company has signed an agreement with defense contractor L3Harris to develop a gas-turbine hybrid VTOL that can fly autonomously — for defense applications.
Joby Aviation has doubled the size and production capacity of its pilot manufacturing facility in Marina, California as it races to commercialize electric air taxis by early next year.