The electric vertical takeoff and landing (eVTOL) sector is undergoing a major consolidation phase as key players execute strategic acquisitions to secure near-term revenue. Archer Aviation has acquired its former rival Wisk Aero, effectively ending a lengthy intellectual property dispute and granting Boeing a 16.5% stake in the combined entity.
At the same time, Joby Aviation has expanded its footprint by acquiring Resonant Sciences for $500 million, establishing a dedicated defense division. These moves highlight how electric air taxi developers are diversifying their business models and tapping into defense markets while navigating the prolonged regulatory approval process for urban passenger flight.
- Archer Aviation acquired Wisk Aero, with Boeing securing a 16.5% ownership stake.
- Joby Aviation bought Resonant Sciences for $500 million to launch a dedicated defense business.
- eVTOL developers are actively seeking near-term revenue streams amid regulatory delays.
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