According to a study released on Monday, Electric air taxis, also known as “flying car” could draw millions of investor dollars away from ground-based transportation start-up firms in 2020.
The new electric air taxi business can significantly disrupt the picture of urban mobility. But it may face roadblocks for commercialization and profitability- as per the 2020 Emerging Technology Outlook from investor website PitchBook.
PitchBook valued Joby Aviation at $450 million and Lilium Aviation at $576 million. Till now, Joby has raised more than $128 million from Intel, JetBlue Airways, and Toyota Motor. And, Lilium has raised more than $100 million, with China’s Tencent Holdings as a significant investor.
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