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Archer to acquire Lilium portfolio of air mobility patent assets for EUR 18M

Archer Aviation (ACHR) announced that it has won the competitive bid process to acquire Lilium’s portfolio of approximately 300 advanced air mobility patent assets for EUR 18M, including patents relating to innovations in high-voltage systems, battery management, advanced aircraft design, flight controls, electric engines, propellers, and ducted fans. Archer believes Lilium’s ducted fan technology could unlock future development in both the light-sport and regional air mobility sectors.

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