The Boeing Company has invested $450M in California based advanced air mobility company Wisk Aero. The investment will support development of the company’s sixth generation e VTOL aircraft which is seeking to become the first-ever candidate for certification of an autonomous, all-electric, passenger-carrying aircraft in the U.S.

“Wisk is extremely well-positioned to deliver on our long-term strategy and commitment to safe, everyday flight for everyone,” said Gary Gysin, CEO of Wisk. “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.”

The company has set out targets for 14 million flights for 40 million passengers per year, within the next five years. 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.