AIBOT, a California-based company developing an AI-defined electric vertical take-off and landing (aiEVTOL) aircraft and ecosystem, announced its recent award of a USD15 million grant from the California Competes Grant Program. This significant endorsement by the California Governor’s Office of Business and Economic Development (GO-Biz) the company says represents a major milestone for AIBOT.
“This year, GO-Biz received over USD1.8 billion in grant requests for the USD120 million in grants available through the California Competes program, which aims to bolster job creation and economic development by supporting innovative companies looking to expand or establish their presence in California” according to the press release.
“The USD15 million grant is a testament to the company’s role in advancing aerial mobility in California, with plans to create 697 new full-time jobs and invest USD494 million capital investment 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. The strategic alignment of flight testing with prototyping and manufacturing facilities is a key component of AIBOT’s approach to innovation and this integration will accelerate the company’s endeavours in developing advanced artificial intelligence (AI) software and producing AI-defined autonomous electric aircraft.
“AIBOT is actively expanding its team, seeking passionate individuals who are eager to contribute to a revolutionary shift in air mobility and underscoring AIBOT’s commitment to growth and innovation.”
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