In a press statement, the company noted that the funding would be primarily utilized to develop Wisk’s 6th generation eVTOL aircraft. Notably, the model is the company’s first candidate for certification of an autonomous, all-electric, passenger-carrying aircraft in the United States. Furthermore, the funding will be utilized towards helping the company enter the commercial phase of its products. According to Boeing Chief Technique Officer Marc Allen, the funding reaffirms the company’s trust in Wisk.  Besides Boeing, Wisk is also funded by Kitty Hawk Corporation, which has supported the company’s previous generations of aircraft. Recently, Wisk has been on an expansion momentum, signing a deal with helicopter tourism-turned mobility firm Blade. Through the deal, Wisk will own and operate a fleet of 30 aircraft on its network.

Growing air taxi market 

Overall, the air taxi segment has continued to attract interest in recent months, with various players striving to launch multiple solutions for the market.  As reported by Finbold, electric air taxi company Joby Aero revealed it had completed its most extended all-electric vertical take-off and landing (eVTOL) test flight in mid-2021. The flight completed over 150 miles (or 240 km), operating on a single charge.