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 announced an additional $450 million investment in Wisk Aero, significantly increasing the advanced air mobility (AAM) company's funding.
Wisk's core strategy is to develop and operate self-flying, automated air taxis, arguing this approach is safer, more scalable, and more affordable by eliminating human error and lowering operating costs.
The company plans to launch a large-scale, automated air taxi service across 20 cities, targeting millions of passengers annually, and intends to remain private through its capital-intensive development and certification phases.

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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.