Boeing is selling its air taxi startups to Archer Aviation

Boeing is selling 3 of its electrical vertical takeoff and landing (eVTOL) subsidiaries to Archer Aviation, successful summation to taking an undisclosed involvement successful the San Jose-based company.

The subsidiares to beryllium acquired by Archer see Wisk Aero, which has been processing an autonomous electrical aircraft; SkyGrid, which is gathering aerial postulation absorption systems to beryllium utilized by municipality aerial taxis; and Insitu, which makes high-altitude drones utilized by the US Navy. As portion of the deal, Boeing and Archer volition stock exertion and Boeing volition clasp entree to Wisk's autonomous formation systems for its existent and next-gen commercialized and defence projects.

Read the afloat communicative astatine The Verge.