Archer Aviation won a competitive bid to acquire roughly 300 patents from insolvent eVTOL developer Lilium, pushing its total patent portfolio past 1,000 assets.
Archer Aviation announced it won a competitive bid process to acquire the patent portfolio of insolvent German eVTOL developer Lilium for 18 million euros, adding roughly 300 patents spanning high-voltage systems, battery management, flight controls, electric engines, and ducted-fan propulsion. Lilium had invested more than $1.5 billion developing these technologies since its 2015 founding before filing for insolvency. Archer said Lilium's ducted-fan patents represent what it believes is the leading portfolio in that category, with potential applications extending beyond Archer's Midnight aircraft into light-sport and regional air mobility segments. The acquisition brings Archer's global patent portfolio to more than 1,000 assets. "Lilium's pioneering work advanced the frontier of eVTOL design and technology, and we're excited to bring their cutting-edge technologies into the fold at Archer as we advance our product roadmap," said CEO Adam Goldstein. Not investment advice -- for informational and technical-analysis purposes only.
