Aug 10 (Reuters) – Air taxi maker Archer Aviation has reached an agreement with Boeing and its Wisk air taxi unit to settle litigation and collaborate on autonomous technology, the companies said on Thursday.
Separately, Archer said it completed a $215 million equity investment round that includes Stellantis, Boeing, United Airlines, and ARK Investment Management, increasing Archer´s total funding to date to over $1.1 billion as it works to win Federal Aviation Administration certification and begin commercial operations in 2025.
Archer counter sued Wisk in 2021 “for its false and malicious extra-judicial smear campaign” and Boeing in 2022. Wisk sued rival Archer in 2021 accusing it of stealing trade secrets and infringing on its patents.
Airlines and other companies are looking at developing transport services using battery-powered aircraft that can take off and land vertically to ferry travelers jfk to buffalo car service nyc airports or for short city trips, allowing them to beat traffic.