taxis

Hanwha Systems gearing up to enter air taxi market

January 20, 2020 by Mai Tao Leave a Comment

Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.

Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.

In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market

Flying taxis set to take off

May 22, 2019 by Anna

With traffic jams a common occurrence in the world’s cities, frustrated drivers sometimes find themselves looking to the heavens for a little help from above. A few years from now, the skies could in fact offer a tangible solution.

The Boston Consulting Group predicts that people around the world will take 1 billion flights in air taxis in 2030, once sharing services have also established a presence on fixed routes above the ground.

What is more, most of those air taxis will be capable of operating without a pilot.

Lilium launches air taxi. Flying cars could take to the skies next

May 16, 2019 by Sam Francis

Flying cars have been around a long time, but only as test vehicles, often engineered and built by tinkerers who may have been seen as somewhat eccentric for even dreaming up such a machine.

But in the past couple of years, these “eccentric tinkerers” have been usurped by corporate bigwigs who maybe see a big market for the technology.

In the most recent development, a German company called Lilium has completed a successful test flight with its all-electric flying car.

[Read more…]