The electric air taxi sector experienced significant consolidation this week, marking another turning point in the industry’s evolution. Archer Aviation completed a major acquisition of its former competitor Wisk Aero, with Boeing facilitating the deal and securing a 16.5% ownership stake in Archer as part of the transaction. The merger is particularly noteworthy given the companies’ contentious history, having resolved a lawsuit that spanned two years before reaching an unexpected settlement that ultimately led to their collaboration and integration.
Meanwhile, Joby Aviation pursued a different growth strategy by acquiring Resonant Sciences, a developer of radio frequency and sensor systems, for $500 million. This move signals Joby’s expanding ambitions beyond its core focus on certifying electric vertical takeoff and landing aircraft for urban transportation. The company is strategically positioning itself in the defense sector while maintaining its original commitment to bringing electric air taxis to market.
In other transportation news, Uber divested its stake in Serve Robotics, the autonomous delivery robot company it had spun off five years earlier. The sale reportedly caught Serve off guard, with the company learning about the divestment through regulatory filings rather than direct notification. Despite the ownership change, the two companies maintain their business partnership through 2027, with Serve’s robots continuing to operate on the Uber Eats platform.
Originally reported by Techcrunch →
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