TechCrunch Mobility: The shifting flight path of electric air taxis
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
In a week packed with electric aircraft news, two significant deals related to electric vertical takeoff and landing (eVTOL) aircraft emerged. Archer Aviation acquired its former rival Wisk Aero, with Boeing holding a 16.5% stake in the new company. The transaction also saw Boeing acquire SkyGrid and Insitu, two other subsidiaries.
Wisk Aero's journey began as Kitty Hawk, an electric aviation startup backed by Google co-founder Larry Page and Sebastian Thrun, co-founder of Alphabet's moonshot factory X. Meanwhile, Joby Aviation made a more conventional move by acquiring Resonant Sciences for $500 million, enhancing their defense sector portfolio. Joby aims to balance its original mission of creating electric vertical takeoff and landing aircraft for urban air taxis while exploring new revenue streams in the defense sector.
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