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Saturday, December 10, 2022

Suzuki Inks A Deal With SkyDrive For Flying Cars Project

In the future, flying automobiles may be seen in Indian skies. A flying automobile, also known as roadable aviation, is a vehicle that can function as a car and as a plane at the same time. Motorbikes are vehicles that operate on the road as motor vehicles. Occasionally, hovercars are referred to as “flying cars.”. Meanwhile, the Japanese automaker Suzuki Motor Corp and ‘flying car’ company SkyDrive Inc announced on Tuesday that they will collaborate on developing electric, vertical takeoff, and touchdown planes.

The companies announced they would work together to expand into new regions, starting with India, where Suzuki owns about half of the market. Sunday, Suzuki announced plans to invest 104.4 billion rupees ($1.37 billion) in its India manufacturing business for electric vehicles and batteries. A timeline or target for manufacturing was not provided by the companies’ partnership.

SkyDrive, based in Tokyo, has a large number of Japanese companies as stockholders, including purchasing and selling house Itochu Corp., tech agency NEC Corp., and Eneos Holdings Inc.

According to reports, it raised 5.1 billion yen ($42 million) in total in Series B financing in 2020. SkyDrive is currently developing a two-seat electric flying car, which will go into production in the near future.

There was no mention of Suzuki working on this particular vehicle in the statement. In 2025, when Osaka celebrates its World Expo, the company plans to offer a “flying automobile” service. The company is also developing freight drones. In addition to cars, bikes, and outboard motors, the alliance will include ‘flying autos’ as Suzuki’s fourth mobility business.

 

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