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Archer Aviation seeks $1B in damages from Larry Page’s Wisk Aero

Flying taxi developer Archer Aviation is looking for $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., in line with a court docket submitting, elevating the stakes in a heated authorized dispute.

The two have been embroiled in litigation since earlier this year when Wisk accused Archer, whose traders embrace United Airlines, of stealing commerce secrets and techniques involving electrical Vertical Take-Off and Landing (eVTOL) plane.

Archer countersued and mentioned in a submitting late Tuesday that it intends to “hold Wisk accountable for its false and malicious extra-judicial smear campaign that has caused substantial damage to Archer, likely to exceed $1 billion.”

A Wisk spokesperson mentioned: “Archer’s counterclaim is ludicrous and its troubles are purely self-inflicted.”

Archer plans to commercially launch its first electrical flying taxi “Maker” in 2024, certainly one of an growing variety of traders and aviation corporations piling into the aggressive however yet-to-be-approved city air mobility house.

Archer Aviation is looking for $1 billion from Wisk Aero, a rival agency backed by Google co-founder Larry Page (seen right here with spouse Lucinda Southworth), charging Wisk broken it with a “smear campaign.”
FilmMagic

“Filing a lawsuit does not give Wisk a free pass to make false and damaging statements outside of the judicial process, and yet that is exactly what Wisk has been doing,” an Archer spokesperson mentioned.

He mentioned Archer would proceed to hunt damages even when Wisk drops its claims.

Wisk, nevertheless, plans to pursue its case, its spokesperson mentioned.

Wisk, which makes a rival eVTOL plane and likewise counts Boeing as a backer, calls Archer’s swimsuit “ludicrous.”
Wisk Aero

Wisk’s preliminary lawsuit was filed in April, two months after Archer introduced plans to go public via a merger with particular function acquisition company Atlas Crest Investment Corp, led by funding banker Ken Moelis.

Last month, Archer and sponsor Atlas slashed the professional forma enterprise worth of the startup by $1 billion to $1.7 billion in a revised deal between the 2 corporations.

Its different traders embrace Stellantis and Mubadala Capital.