• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 22, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Flying Taxi Aviation seeking $1B for being accused of stealing trade secrets

by Meghana Kandra
August 11, 2021 - Updated On August 12, 2021
in Business, Cars, Future Tech, News
Reading Time: 2 mins read
0
Flying Taxi Aviation seeking $1B for being accused of stealing trade secrets
TwitterWhatsappLinkedin

Flying Taxi developer Archer Aviation’s rival Wisk Aero initially accused the company of stealing trade secrets. On Tuesday Archer countersued Wisk for the damages caused due to the “false and malicious extra-judicial smear campaign”. The filing mentions that Wish Aero is accountable for $1 billion for the damages.

You might also like

Porsche Taycan Wagons Bow Out in the US as Sport Turismo and Cross Turismo Face the Axe

How Long Do Honda Civics Last? Why the Compact Sedan Still Has a Long-Life Reputation

SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

Judge rejects Wisk Aero's effort to block rival air taxi startup Archer  from using 'stolen' patents - The Verge
Image credits- The Verge

In April Wisk sued Archer stating that it is suing Archer “to stop a brazen theft of its intellectual property and confidential information, and protect the substantial investment of resources and years of hard work and effort of its employees and their vision of the future in urban air transportation.”

To which Archer spokesperson stated in April that the company is looking into the matters and that they are going to fight vigorously. Now, the company filed a suit seeking the damages Wisk caused. Archer Aviation was accused of stealing the design just two months after the announcement to go public through special purpose acquisition company Atlas Crest Investment Corp.

Furthermore, after the countersuit, Wisk stated, “Archer’s counterclaim is ludicrous and its troubles are purely self-inflicted.”Archer confirmed three months ago that one of their employees is placed on leave. Said that it was because a search warrant was issued on the employee and is connected with the investigation. Archer is known to fully cooperate with the authorities, however, nothing seems to have come out in a recent investigation.

Archer spokesperson stated, “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,”

The design resemblance

The design resemblance is surprisingly similar for a regular person. Both designs have six front rotors, and each rotor has five blades. Also, the rear rotors for both models are six with 2 blades each, which are fixed in a vertical position. Below is a rough figure of both the designs, showing resemblance which might lead to some suspicions.

Image credits- The Verge

As the above picture shows, the design is strikingly similar. The V-shape at the back is also similar. Except for minor details like the front sharpness and landing support system seem to be different. For more than decades, automakers occasionally worked on flying cars. In 1940 Henry Ford stated that Flying cars would be the next big thing. Most of these models had 2 or fewer rotors, except for a couple of designs that had many rotors. In 2017, a CMU spin-off announced self-piloted flying taxis. Which had 4 rotors located on both front and back ends.

The only known companies with 6 rear rotors are Archer and Wisk. More detailed descriptions are not known, but Wisk is pushing this matter as they are confident about their design being stolen.

Tags: Archer AviationAtlas Crest Investment CorpFlying taxiflying taxisWiskWisk Aero
Tweet54SendShare15
Previous Post

First state in the US to ban fossil fuel infrastructure: Washington

Next Post

Hackers return $260 million after the biggest DeFi theft in history

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Porsche Taycan Wagons Bow Out in the US as Sport Turismo and Cross Turismo Face the Axe

by Samir Gautam
June 22, 2026
0
Porsche Taycan Wagons Discontinued in the US After 2026

Porsche is preparing to shrink the Taycan family in the United States, confirming that the Sport Turismo and Cross Turismo variants will be discontinued after the 2026 model...

Read more

How Long Do Honda Civics Last? Why the Compact Sedan Still Has a Long-Life Reputation

by Samir Gautam
June 21, 2026
0
Honda Civic lifespan guide

The Honda Civic has spent decades building a reputation as one of the safest bets in the compact-car market. It is affordable to run, easy to live with...

Read more

SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

by Rounak Majumdar
June 21, 2026
0
SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

Exchange-traded funds offering exposure to SpaceX have attracted approximately $8.2 billion in investor inflows, highlighting the growing appetite for private-market companies that are not directly available to public...

Read more
Next Post
Is the DeFi100 cryptocurrency project a scam?

Hackers return $260 million after the biggest DeFi theft in history

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?