Wisk

Wisk

Develops autonomous electric air taxis

About

Wisk Aero develops autonomous electric vertical takeoff and landing (eVTOL) aircraft aimed at transforming urban transportation by making air taxis a viable option. Their eVTOL aircraft, such as Wisk and Cora, are designed to be safe, sustainable, and accessible, meeting high aviation safety standards. Wisk Aero addresses the challenges of current transit systems by providing efficient air mobility solutions for urban commuters, businesses, and municipalities. The company generates revenue by selling eVTOL aircraft, offering air taxi services, and forming partnerships to integrate their technology into existing transportation networks. Since its founding in 2010, Wisk Aero has conducted over 1750 test flights and continues to lead in the advanced air mobility sector with a focus on innovation and sustainability.

Company Stage

Acquired

Employees

501-1,000

Industries

Automotive & Transportation, Aerospace

Total Funding

$437.7M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Wisk Aero's extensive testing history with over 1750 full-scale test flights demonstrates their commitment to safety and reliability.
  • Partnerships with municipalities and urban transportation providers offer significant growth opportunities and market penetration.
  • Their focus on accessibility and equitable transport, as highlighted in their whitepaper with ReD Associates, positions them as a socially responsible leader in the industry.

What critics are saying

  • The nascent stage of the urban air mobility market could lead to slower adoption and regulatory hurdles.
  • High development and operational costs may strain financial resources, especially in the early stages of market entry.

What makes Wisk unique

  • Wisk Aero's focus on autonomous eVTOL aircraft sets it apart in the advanced air mobility sector, emphasizing safety and sustainability.
  • Their strategic partnerships with cities like Houston and Sugar Land for vertiport infrastructure development highlight their commitment to integrating into urban transportation networks.
  • The acquisition of Verocel enhances their software safety capabilities, ensuring robust and reliable autonomous flight operations.

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Growth & Insights
Headcount

6 month growth

18%

1 year growth

2%

2 year growth

18%

Benefits

100% paid employee medical, dental, & vision benefits, plus generous cost-sharing for spouse/dependent coverage

401(k) plan with 50% employer matching

9/80 alternative work schedule with every other Friday off

Commuter benefits & Flexible Spending Account (FSA)

Flexible time off to maintain a healthy work-life balance, plus 10 paid holidays per year

Quarterly wellness stipend to help maintain a healthy lifestyle

Annual company match for charitable giving

Communications allowance

Education assistance and flight lesson subsidy

Free electric vehicle charge stations at HQ

Daily catered lunch in Wisk facilities

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