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TechCrunch Mobility: The shifting flight path of electric air taxis
The electric air taxi industry is undergoing significant changes, highlighted by Archer Aviation's acquisition of Wisk Aero from Boeing and Joby Aviation's purchase of Resonant Sciences to expand into defense. Despite regulatory hurdles, these moves indicate consolidation and a focus on generating revenue. Other developments in autonomous vehicles and partnerships also mark notable shifts in the transportation landscape.
Key points
- Archer Aviation acquires Wisk Aero from Boeing, gaining a 16.5% stake for Boeing.
- Wisk Aero had previously sued Archer for intellectual property theft, leading to an unusual deal.
- Joby Aviation purchases Resonant Sciences for $500 million, creating Joby Defense to explore defense sector opportunities.
- Uber sells off its stake in Serve Robotics unexpectedly but maintains a business partnership.
- Aurora Innovation and Kodiak AI receive permits for self-driving truck testing on public roads.
Why it matters
- The trend towards electric and autonomous vehicles reflects a broader acceptance of innovative transport solutions in urban environments.
- As companies explore partnerships and acquisitions, competition in the eVTOL market is intensifying, with growing interest from traditional aerospace firms.
- The defense sector's involvement in electric air taxis signals the potential for new revenue streams and technological developments.
In conclusion, the electric air taxi sector is rapidly evolving with strategic acquisitions and diversification into defense, indicating a promising yet challenging future amidst regulatory tests and market consolidation.