TechCrunch Mobility: The shifting flight path of electric air taxis
The electric vertical takeoff and landing (eVTOL) industry is seeing significant consolidation, highlighted by Archer Aviation's acquisition of Wisk Aero and Joby Aviation's purchase of Resonant Sciences. These moves reflect a strategic shift toward securing revenue streams and intellectual property during the long regulatory approval process.
Why it matters
Consolidation in the air taxi sector suggests that the industry is maturing as companies move from experimental phases toward commercial viability.
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Something was in the air this week because we had a heck of a lot of electric aircraft news. Ba-dum-tss.
But really, it’s no joke — two of the bigger deals of the week involved companies developing electric vertical takeoff and landing aircraft (eVTOL). Together they illustrate how the burgeoning sector continues to consolidate and seek out near-term revenue streams even as they go through the lengthy regulatory process to eventually deploy electric air taxis.
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