-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssueCreating a Culture of Collaboration
PCB designers could learn quite a bit from NASA and the private companies that develop spacecraft: Every one of these vehicles is a testament to the value of collaboration among disparate stakeholders. Without a collaborative culture, the rocket might never get off the ground.
Breaking High-speed Material Constraints
Do you need specialty materials for your high-speed designs? Maybe not. Improvements in resins mean designers of high-speed boards can sometimes use traditional laminate systems. Learn more in this issue.
Level Up Your Design Skills
This month, our contributors discuss the PCB design classes available at IPC APEX EXPO 2024. As they explain, these courses cover everything from the basics of design through avoiding over-constraining high-speed boards, and so much more!
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - design007 Magazine
Wisk Aero Secures $450 Million from Boeing to Advance Certified Autonomous Electric Flight
January 24, 2022 | Wisk AeroEstimated reading time: 3 minutes
Wisk, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., has secured $450 million in funding from The Boeing Company, making it one of the most well-funded AAM companies in the world. Combined with previous funding, this investment reinforces Wisk’s strong 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.
This investment will further advance the development of Wisk’s 6th 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 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 6th 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, a competitive differentiator and industry-recognized key to scaling services and maximizing safety. In this timeframe, Wisk anticipates close to 14M 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.”
With its deep expertise in autonomous, electric flight, its extensive flight test history, key knowledge and insights from the development of five generations of aircraft, and the strength of its partnerships, Wisk is positioned to maintain its leadership in the AAM and broader mobility space.
Wisk began in 2010 as Zee Aero, with a mission to deliver safe, everyday flight for everyone, and later merged with Kitty Hawk Corporation. Upon recognizing the commercial potential of Wisk’s 5th generation aircraft, the aircraft and team were spun out to form Wisk, with an investment from The Boeing Company. 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.
Previous undisclosed funding rounds were led by The Boeing Company and Kitty Hawk Corporation, through a joint venture, making Wisk one of the only AAM companies to be backed by two aviation leaders. Kitty Hawk remains an investor and has supported the development of Wisk’s previous generations of aircraft.
About WISK
Wisk is an advanced air mobility (AAM) company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi, will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1500 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably.
Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight.
Suggested Items
BAE Systems, GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security Programs
06/24/2024 | BAE SystemsBAE Systems and GlobalFoundries announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Dr. Thomas Caulfield, president and CEO of GF. “We are proud to deepen our strategic relationship with BAE Systems, and further strengthen supply chain resiliency. Together, we will accelerate the research and development of a new generation of essential technologies and securely manufacture essential chips for a diverse range of critical defense applications.”
AAR Expands Electronics Distribution Relationship with OTTO Engineering
06/13/2024 | PRNewswireAAR CORP., a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a territory expansion agreement that expands its Americas-based electronics distribution relationship with OTTO Engineering, Inc. (OTTO) into the APAC region.
ElevATE Semiconductor, GlobalFoundries Partner on High-Voltage Chips for Commercial and National Security Applications
06/11/2024 | GlobalFoundriesElevATE Semiconductor and GlobalFoundries (GF) announced a manufacturing partnership for high-voltage chips produced at GF’s facility in Essex Junction, Vermont.
Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace
06/07/2024 | PRNewswireDolby Laboratories, Inc., a leader in immersive entertainment experiences, announced today that it has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors.
Sypris Appoints Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics
06/05/2024 | Sypris Solutions Inc.Sypris Solutions, Inc. announced the appointment of Michael D. Sedgwick to the position of Vice President and General Manager of Sypris Electronics, LLC, effective June 3, 2024.