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Boeing sells eVTOL startups to Archer Aviation, takes stake

Boeing is divesting its electric vertical takeoff and landing (eVTOL) subsidiaries, selling three of them to Archer Aviation. As part of the deal, Boeing is also acquiring an undisclosed stake in Archer Aviation, a company based in San Jose. AI

RANK_REASON This is a business transaction involving a company selling off subsidiaries and taking a stake in another, which falls under 'tool' as it's not a core AI release or significant industry-wide event.

Read on Mastodon — fosstodon.org →

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Boeing sells eVTOL startups to Archer Aviation, takes stake

COVERAGE [1]

  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    📰 Boeing is selling its air taxi startups to Archer Aviation Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer

    📰 Boeing is selling its air taxi startups to Archer Aviation Boeing is selling three of its electric vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation, in addition to taking an undisclosed stake in the San Jose-based company. The subsidiar... 📰 Source: The Verg…