AIBOT Receives “USD15 Million California Competes Grant”, to Assist Company eVTOL Development and Job Creation

AIBOT, a Cal­i­for­nia-based com­pa­ny devel­op­ing an AI-defined eVTOL air­craft and ecosys­tem, announced this week a recent USD15 mil­lion grant from the Cal­i­for­nia Com­petes Grant Pro­gram, reports a press release. This endorse­ment by the Cal­i­for­nia Governor’s Office of Busi­ness and Eco­nom­ic Devel­op­ment (GO-Biz), rep­re­sents a major mile­stone for AIBOT and the rapid­ly grow­ing eVTOL sec­tor.

Dur­ing 2023, GO-Biz has received over USD1.8 bil­lion in grant requests for the USD120 mil­lion avail­able. As one of only eight recip­i­ents award­ed, two of which were eVTOL com­pa­nies, AIBOT’s selec­tion under­scores the impor­tance of such tech­nol­o­gy in dri­ving California’s com­mit­ment to inno­va­tion and sus­tain­abil­i­ty. The release states, “The grant not only demon­strates the state’s vision of being a leader in the Advanced Air Mobil­i­ty (AAM) sec­tor but also affirms its ded­i­ca­tion to fos­ter­ing cut­ting-edge indus­tries that promise a more sus­tain­able and tech­no­log­i­cal­ly advanced future.”

Jer­ry Wang, Exec­u­tive Chair of AIBOT, com­ment­ed, “Receiv­ing this grant is a pow­er­ful endorse­ment of our mis­sion and poten­tial. We’re ready to utilise this oppor­tu­ni­ty to for­ti­fy our role as an ultra-high-tech leader in the Advanced Air Mobil­i­ty sec­tor, mak­ing sub­stan­tial con­tri­bu­tions to Cal­i­for­ni­a’s econ­o­my and job mar­ket.”

Dee Dee Myers

Dee Dee Myers, Senior Advi­sor to Gov­er­nor New­som and GO-Biz Direc­tor, added, “We want to ensure Cal­i­for­nia remains a leader in the AAM indus­try. We look for­ward to AIBOT’s suc­cess as they build out their com­pa­ny and con­tin­ue to grow their pres­ence across Cal­i­for­nia.” 

The USD15 mil­lion grant will assist the com­pa­ny to not only advance aer­i­al mobil­i­ty in Cal­i­for­nia, but help cre­ate close to 700 new full-time jobs sup­port­ed by a State invest­ment worth almost USD500 mil­lion over the next five years. Cen­tral­is­ing oper­a­tions in Cal­i­for­nia, par­tic­u­lar­ly in Long Beach and Mojave, the grant will enhance AIBOT’s R&D capa­bil­i­ties, flight test­ing, and man­u­fac­tur­ing and accel­er­ate the company’s devel­op­ment.

Rex Richard­son, May­or of Long­beach, remarked, “This grant sup­ports our city’s eco­nom­ic growth and sus­tain­abil­i­ty vision, as well as our green inno­va­tion and tech­no­log­i­cal lead­er­ship.”

Image from AIBOT Video

Ear­ly next year, AIBOT is set to host an event at its Long Beach head­quar­ters, where the com­pa­ny will intro­duce ground­break­ing tech­nol­o­gy, prod­ucts, and a com­pre­hen­sive busi­ness plan to invit­ed guests. Mean­while, AIBOT is active­ly expand­ing its team, seek­ing indi­vid­u­als who are eager to con­tribute to a rev­o­lu­tion­ary shift in air mobil­i­ty.

For more infor­ma­tion

aibot.ai

(Top image: Tak­en from AIBOT video)