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Flying Cars Can Induce Investors From Ground-based Services- A Survey

By ET Bureau - December 11, 2019 1 Mins Read

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.

Read More: Volvo Cars to implement blockchain traceability of cobalt used in electric car batteries

Article Source: The post appeared first on Reuters


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