Emergency services were called to the incident in Frandor Road, Bersted, near Bognor, at 7.35pm on Monday night.
Sussex Police said the victim was found with stab wounds and taken to hospital. After undergoing treatment, he is now in a stable condition.
Two boys aged 16 and 14 from Bognor were arrested on suspicion of attempted murder and remain in custody. The investigation is ongoing and there is police presence in the area.
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Chichester and Arun district Chief Inspector Will Keating-Jones said: “This is a fast moving investigation and we are carrying out house to house enquiries in the area.
“We would like to hear from anyone who heard or saw anything in that area on Monday (February 24) between 7pm and 8pm which could relate to our investigation and if anyone has any CCTV or dash cam footage of the incident.
“We understand that the community will be concerned about this incident. Please speak to our police officers who are in the area conducting enquiries.”
People can also report online or phone 101 quoting Operation Cornflower.
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