Defunct electric aircraft startup Lilium’s tech lives on over at Archer after a major patent acquisition.
Matilda
Lilium’s Tech Finds New Life At Archer Defunct Electric Aircraft Startup Lilium’s Tech Lives On Over At Archer Electric flight is getting a second chance — and it’s coming from an unexpected source. Defunct electric aircraft startup Lilium’s tech lives on over at Archer , as the U.S. eVTOL maker scooped up Lilium’s patents in a competitive bid worth €18 million ($21 million). Image Credits:Lilium Once a promising German startup, Lilium went bankrupt a year ago after burning through more than $1 billion in investor funding. Now, its advanced electric aviation technology has found a new home. Archer Acquires Lilium’s Patents In Competitive Bidding War After several failed attempts to restructure Lilium, a bankruptcy administrator put its assets up for auction. The winning bidder? Archer Aviation , which outpaced rivals Joby Aviation and Ambitious Air Mobility Group for all 300 of Lilium’s patent assets. According to an Archer spokesperson, the acquired patents cover key eVTOL innovations — including high-voltage systems, flight cont…
