The $7 million tax credit from the California Governor’s Office of Business and Economic Development (GO-Biz) was approved by the California Competes Tax Credit Committee to help the Oakland-based company expand its operations in the state.
The tax credit will help Pyka create over 140 jobs at levels including engineering, manufacturing, assembly, logistics, business development and operations, maintenance and facilities management.
Pyka is developing electric-powered aviation and has recently launched the world's largest zero-emission autonomous cargo aircraft.
Chuma Ogunwole, Co-Founder and COO of Pyka, says, “This support and partnership with GO-Biz accelerates our manufacturing capabilities and facilitates immediate job creation in Oakland and at our test sites across California. This award accelerates the application of California's zero-emission autonomous aviation innovation and creates economic opportunities for communities across California.”