Overview

• Insolvency administrator Ivo-Meinert Willrodt said Archer acquired more than 300 Lilium patents with creditor committee approval.
• Archer disclosed a €18 million purchase price, which the administrator described as a low- to mid-double-digit million amount.
• The portfolio covers core eVTOL technologies including propeller systems, battery management, flight control and electric motors.
• Other bidders included Joby and the Ambitious Air Mobility Group, which claims its higher, secured offers for broader assets were not accepted.
• Lilium prototypes, machinery and equipment are being cleared for online auction as remaining assets are prepared for sale.