09:16 AM EDT, 10/15/2025 (MT Newswires) -- Archer Aviation ( ACHR ) said Wednesday it won the competitive bid process to acquire Lilium's roughly 300 advanced air mobility patent assets for 18 million euros ($20.9 million).

The portfolio includes patents related to high-voltage systems, battery management, advanced aircraft design, flight controls, electric engines, propellers, and ducted fans, Archer Aviation ( ACHR ) said.

The company's shares were up over 3% in recent premarket activity.