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/PRNewswire/ -- The urban air mobility market size is expected to grow by USD 5.28 billion between 2022 and 2027. However, the growth momentum of the market...
/PRNewswire/ -- The drone market is expected to grow by USD 27.78 billion between 2022 and 2027. However, the growth momentum of the market will progress at a...
Fresh funding propels total investment in Archer Aviation past $1.1bn as battery-powered air taxi firm eyes commercial operations in 2025
Wisk Aero, a Boeing-owned company, formed a financial and technological collaboration with Archer Aviation and dismissed a jury trial alleging trade secret theft.
(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. Archer's shares jumped 30% in after-hours trading to $7.60. 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...