Boeing invests US$450mil in air taxi venture

Boeing invested RM1.88bil into Wisk, an American startup developing flying taxis, and competitor of Germany-based Volocopter 2X's air taxi seen here. — AFP

Boeing has invested US$450mil (RM1.88bil) in Wisk, a Silicon Valley air taxi venture that aspires to develop the first autonomous, all-electric passenger-carrying aircraft certified in the United States, the companies said Monday.

Flying electric taxis have been seen as a promising, emissions-free solution to address urban congestion. However, Mountain View, California-based Wisk's emphasis on autonomy is expected to push back its development timeframe compared with some rival concepts.