Boeing Invests $450 Million in Wisk Aero’s Autonomous eVTOL

Electric vertical takeoff and landing developer plans largest air taxi fleet in the industry.

Thom Patterson

Monday, January 24, 2022 at 01:56 PM ET

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Wisk’s fifth-generation eVTOL, named Cora. A new generation is expected to be unveiled this year. [Courtesy: Wisk Aero]

Key Takeaways:

Boeing invested an additional $450 million in Wisk Aero, reinforcing Wisk's strategy to develop self-flying, autonomous eVTOL air taxis without onboard pilots.
Wisk champions autonomous flight as a safer alternative, crucial for reducing operating costs and enabling a scalable, affordable air taxi service for everyday commuters.
The company plans to launch a large-scale automated air taxi service across 20 cities and intends to remain private, shunning SPAC mergers, due to the substantial funding required for development and certification.

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Boeing on Monday announced it was investing an additional $450 million in California-based Wisk Aero, making Wisk “one of the most well-funded AAM [advanced air mobility] companies in the industry.”

The deal offers further evidence that Boeing supports Wisk’s business plan of moving directly to self-flying, automated air taxis instead of electric vertical takeoff and landing aircraft (eVTOL) with on-board pilots.