Startups to Watch
Flying cars are gaining traction as a growing number of companies look to develop solutions for air-based transport. We dig into the startups to watch in this space.
Hype is building around aerial mobility.
Vertical takeoff and landing (VTOL) jets — which can hover, take off, and land vertically while carrying multiple passengers — offer a more efficient and more flexible mode of transport than ground-based vehicles. Aerial mobility also has the potential to reduce rising levels of urban traffic, which continues to worsen as cities grow more congested.
Major players in the mobility space see promise in flying passenger vehicles, with companies like Airbus, Boeing, Hyundai, and Uber all launching projects to develop air-based transportation solutions.
