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South Korea Accelerates Plans for Flying Cars
To boost its flagging economy, the South Korean government announced it will invest US$50 billion (60 trillion Korean won) in the next decade to develop autonomous, electric, and flying cars. The investment is intended to shave three years off the current expected development time for flying cars slated for 2030 to instead be ready by…
Porsche Partners with Boeing to Lift eVTOLs into Premium Airspace
Boeing and Porsche have partnered to bring a luxury flying car into existence. A recent Memorandum of Understanding between Boeing and Porsche has been executed “to explore the premium urban air mobility market and the extension of urban traffic into airspace” according to the aviation and auto giants. According to Detlev von Platen, Porsche’s marketing…
Russians Join Quest for Flying Cars
Two Russia-based aircraft companies, Ilyushin and Sukhoi, are taking part in a state-run project called AeroNet to launch an air taxi by 2025. Scientists in Novosibirsk, Siberia’s largest city, are also actively engaged in the development of flying cars, according to the Russian Foundation for Advanced Research Projects. A laboratory dedicated to the project has…
Hyundai’s Flying Car Initiative Takes Off
With a market opportunity expected to reach US$1.5 trillion by 2040, Hyundai Motor Group recently signaled it’s ready to enter the quest for safe, reliable flying cars by forming an urban air mobility division. The South Korean automaker hired Dr. Jaiwon Shin, formerly an aeronautics engineer with NASA, to lead the initiative. Head of Hyundai…
Uber Air Prepares for Takeoff in Melbourne
With the appointment of Natalie Malligan as the head of Uber Air Australia, the company is one step closer to launching its flying taxi service in Melbourne. Malligan was previously the head of Uber Australia and New Zealand. Malligan plans to make Uber’s urban aviation plans a reality. She will work with the Victorian government,…
Malaysia: Ground Zero for Flying Cars?
When it comes to technological innovation, you can be forgiven if Kuala Lumpur is not the first place that comes to mind. But the city, Malaysia’s capital with a population of nearly 7 million, may be the first place flying cars take off commercially. Malaysia’s Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof has…