Advanced air mobility (AAM) company Wisk Aero has secured $450 million in funding from the Boeing Company.
Wisk, which claims it is the developer of the first all-electric, self-flying air taxi in the United States, says the funding makes it one of the most well-funded AAM companies in the world.
With the investment, Wisk will advance the development of its sixth generation eVTOL aircraft, a first-ever candidate for certification of an autonomous, all-electric, passenger-carrying aircraft in the U.S.
The funding will also support Wisk’s go-to-market efforts and prepare the company for the launch of scale manufacturing.
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“Wisk is extremely well-positioned to deliver on our long-term strategy and commitment to safe, everyday flight for everyone. We are incredibly fortunate to have Boeing as not only an investor but a strategic partner, which provides us with access to a breadth of resources, industry-leading expertise, a global reach, extensive certification experience and more,” says Wisk CEO Gary Gysin.
“As we enter this next stage of our growth, this additional funding provides us with capital while allowing us to remain focused on our core business and our number one priority, safety.”
Wisk began in 2010 as Zee Aero, which merged with Kitty Hawk Corporation. Based on the commercial potential of its fifth generation aircraft, the aircraft and team were spun out to form Wisk with an investment from the Boeing Company.
Previous funding rounds were led by the Boeing Company and Kitty Hawk Corporation. Wisk is based in the San Francisco Bay Area and New Zealand.