Electric air taxi maker Archer hits back at Joby in countersuit alleging concealed Chinese ties
Archer’s countersuit comes four months after Joby sued its rival for alleged ‘corporate espionage.’
Archer’s countersuit comes four months after Joby sued its rival for alleged ‘corporate espionage.’
Joby alleges one of its former employees shared stolen trade secrets when he was hired by Archer.
A wider leadership shake-up at Hyundai’s electric air taxi startup Supernal is underway just a few weeks after it paused work on its vehicle program and its CEO and CTO left.
It’s a major change that paves the way for electric air taxi startups to perform more robust demonstrations of their technology before they begin any commercial flights.
The move comes just one month after Uber partner Joby acquired Blade’s passenger business.
The shakeup comes as the startup was still struggling to get its test vehicle off the ground — literally. The first flight was only in March.
Legacy aerospace pairs with next-gen aviation startup in this major deal.
Joby Aviation has signed an MoU with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.
Russia’s war in Ukraine and President Donald Trump’s reluctance to support NATO allies has led to a boost in funding for European defense tech. And across industries, startups are leveraging the opportunity. One such company could be U.K.-based startup…