tech
Electric air taxis are stuck in the courtroom
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TL;DR
- Joby Aviation and Archer Aviation are suing each other over corporate espionage and alleged concealment of ties to China.
- Archer Aviation has also sued Vertical Aerospace for patent infringement, accusing it of copying its eVTOL designs.
- These legal battles are happening as the air taxi industry struggles with certification delays, dwindling budgets, and nervous investors.
- Joby is considered a front-runner in certification, while Archer is still working on a pre-production model.
- Stock values for both Joby and Archer have significantly decreased this year.
- The lawsuits highlight the intense competition for intellectual property, talent, and market dominance in the nascent eVTOL industry.
- The Advanced Air Mobility Reality Index tracks the likelihood of eVTOL promises becoming reality.
- Several eVTOL companies, including Joby and Archer, are adapting their technology for military operations.