Boeing has committed another $450m in an existing joint venture focused on developing self-flying air taxis in the latest sign of investor appetite for the nascent industry that has seen dozens of start-ups attract billions of dollars over the past year.
The US plane maker said it would invest the extra funds in California-based Wisk Aero, its joint venture with Kitty Hawk, another electric aviation start-up backed by Google co-founder Larry Page.
Wisk differs from most of the electric air taxi companies in that it focuses on autonomous flight. The company has not provided an in-service date but said its autonomous passenger-carrying vehicle will be the first to be certified in the US.
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