Boeing expands Wisk air taxi investment with US$450 million injection

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(PHOTO: Wisk)

Wisk, an Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., has secured US$450 million in additional funding from Boeing. Combined with previous funding, this investment reinforces Wisk’s position as a privately-backed AAM leader and highlights the strength of Wisk’s strategic partnership with Boeing and their collaboration on critical technology development.

The investment will advance the development of Wisk’s sixth-generation eVTOL aircraft, a candidate for certification of an autonomous, all-electric, passenger-carrying aircraft in the U.S. The funding will also support the company as it enters an intensive growth phase over the next year, its preparations for the launch of scale manufacturing, and the company’s go-to-market efforts.

Within five years following the certification of its sixth-generation aircraft, Wisk intends to operate one of the industry’s largest fleets of AAM eVTOL aircraft. The scale of this fleet is enabled by the company’s autonomous technology. In this timeframe, Wisk anticipates close to 14 million annual flights bringing time savings to over 40 million people across 20 cities, all with zero emissions.

Gary Gysin, CEO of Wisk said: “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. 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.”

Marc Allen, chief strategy officer of Boeing, said: “With this investment, we are reconfirming our belief in Wisk’s business and the importance of their work in pioneering all-electric, AI-driven, autonomous capability for the aerospace industry. Autonomy is the key to unlocking scale across all AAM applications, from passenger to cargo and beyond. That’s why straight-to-autonomy is a core first principle. Boeing and Wisk have been at the forefront of AAM innovation for more than a decade, and will continue to lead in the years ahead.”

Wisk began in 2010 as Zee Aero and later merged with Kitty Hawk Corporation. Upon recognising the commercial potential of Wisk’s fifth-generation aircraft, the aircraft and team were spun out to form Wisk, with an investment from Boeing. Over the past decade, Wisk has achieved a number of aviation and industry firsts, most notably, the first flight of an all-electric, autonomous, eVTOL aircraft designed for passenger use, in the U.S.

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