AIBOT, a California-based company specializing in AI-defined electric vertical take-off and landing (aiEVTOL) aircraft and ecosystem, has recently been awarded a significant $15 million grant from the California Competes Grant Program. This grant, administered by the California Governor’s Office of Business and Economic Development (GO-Biz), marks a substantial endorsement for AIBOT and the eVTOL sector.
Jerry Wang, Executive Chairperson of AIBOT, expressed gratitude for this endorsement by the State of California. The grant is seen as a validation of AIBOT’s mission and potential to contribute significantly to California's economy and job market, particularly in the Advanced Air Mobility sector.
The California Competes program, which received over $1.8 billion in grant requests this year, aims to boost job creation and economic development by supporting innovative companies expanding or establishing in California. AIBOT was one of only eight recipients awarded, highlighting the state’s commitment to fostering industries that promise a sustainable and technologically advanced future.
Dee Dee Myers, Senior Advisor to Governor Newsom and GO-Biz Director, underscored the importance of advanced air mobility as a future industry and California’s aim to lead in this sector. Assembly member Josh Lowenthal also lauded AIBOT’s alignment with the state's economic and environmental objectives, emphasizing the anticipated positive impact on Long Beach and surrounding communities.
The grant will enable AIBOT to create nearly 700 new jobs and invest nearly $500 million in Long Beach, Mojave, and other strategic locations in California. This investment is expected to boost AIBOT’s R&D, flight testing, and manufacturing plan for both manned and unmanned aiEVTOL aircraft.
Tommy Xie, AIBOT Assistant Treasurer and grant project owner, expressed immense appreciation for the support and guidance of the CalCompetes team and the dedicated effort of the AIBOT team.
Looking ahead, AIBOT is planning an exclusive company debut event at its Long Beach headquarters in early 2024, followed by the unveiling of its first commercial unmanned aiEVTOL aircraft later in the year. The company is actively expanding its team, seeking individuals passionate about contributing to a revolutionary shift in air mobility.