Archer Aviation Inc. (NYSE: ACHR) has announced its successful bid to acquire Lilium GmbH's portfolio of approximately 300 advanced air mobility patent assets for €18 million. This acquisition significantly bolsters Archer's rapidly growing patent portfolio, adding to its existing assets, and further solidifying its position as a leading developer of electric vertical takeoff and landing (eVTOL) aircraft.
Lilium, which was founded in 2015, invested over $1.5 billion in developing advanced technologies related to eVTOL aircraft. The acquired patent portfolio comprises key innovations in eVTOL technology, including ducted fans, propeller systems, high-voltage systems, battery management, aircraft design, flight controls, and electric engines. With this acquisition, Archer's portfolio now encompasses over 1,000 patent assets worldwide, reflecting a significant increase in its intellectual property holdings.
Adam Goldstein, the founder and CEO of Archer, expressed excitement about integrating Lilium's cutting-edge technologies into the company's product roadmap, acknowledging Lilium's pioneering work in advancing eVTOL design and technology. This move underlines Archer's commitment to strengthening its position in next-generation electric aviation and ensuring the U.S. leads in critical eVTOL technology.
The press release also highlighted the potential impact of Lilium's ducted fan technology on future developments in the light-sport and regional air mobility sectors. Notably, the acquisition comes in the wake of industry consolidation in the advanced air mobility sector, including the recent acquisition of Volocopter by a Chinese buyer, signaling significant shifts within the industry.
Archer's strategic acquisition of Lilium's patent portfolio reflects its dedication to harnessing key enabling technologies for the advancement of eVTOL platforms and reinforces its position as a frontrunner in the rapidly evolving electric aviation landscape.
As the industry continues to witness transformative developments, this acquisition positions Archer to play a pivotal role in shaping the future of aviation, leveraging the wealth of intellectual property now at its disposal to drive innovation and propel the industry forward. Today the company's shares have moved -5.31% to a price of $11.24. For more information, read the company's full 8-K submission here.
