Archer Aviation Resolves Boeing Dispute, Secures $215M Funding in 2025 to Boost Flying Taxi Innovation
Vivian Medithi
Vivian Medithi 2 years ago
Financial Analyst, Data Journalist, and Culture Critic #Company News
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Archer Aviation Resolves Boeing Dispute, Secures $215M Funding in 2025 to Boost Flying Taxi Innovation

Archer Aviation partners with Boeing after settling patent lawsuits, gaining FAA approval for test flights, and raising $215 million to advance autonomous flying taxi technology.

Archer Aviation Inc., a leading flying taxi innovator, has resolved its legal disputes with Boeing Company, paving the way for a strategic partnership focused on autonomous flight technology. Following the settlement, Archer’s stock experienced a surge, reflecting strong investor confidence in the company’s growth trajectory.

Highlights

  • Archer and Boeing have settled patent infringement and trade secret lawsuits, agreeing to collaborate on next-generation autonomous air taxis.
  • Boeing will become Archer’s exclusive provider of autonomous flight systems through its air taxi subsidiary, Wisk.
  • Stellantis, the automotive giant behind Chrysler, Jeep, and Ram, has injected $70 million in strategic funding, complementing Archer’s recent $215 million capital raise.

Background on the Boeing Lawsuit

The legal conflict began in 2021 when Wisk, Boeing’s joint venture with Kitty Hawk Corporation, accused Archer of patent infringement and theft of trade secrets. Archer responded with counterclaims, leading to a protracted legal battle that has now been amicably settled. This resolution enables both companies to pool expertise and resources to accelerate autonomous flying taxi development.

FAA Approval and Financial Boost to Accelerate Growth

Archer recently secured Federal Aviation Administration (FAA) clearance to commence test flights of its Midnight eVTOL aircraft, marking a pivotal milestone. This approval follows a thorough review process and sets the stage for upcoming demonstrations and deliveries.

The company plans to deliver its first aircraft to the Department of Defense under a $142 million contract, further validating its technology and market potential.

In addition to Boeing and Stellantis, notable investors such as United Airlines and Ark Invest have contributed to Archer’s $215 million funding round, fueling rapid expansion and innovation.

Since the beginning of 2024, Archer’s stock price has soared over 200%, underscoring the market’s bullish outlook on urban air mobility solutions.

Archer Aviation Stock Performance 2024
Source: YCharts

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