Back in 2006, the tech and engineering company Terrafugia set the deadline for their flying car at 2019. Although many industry experts are skeptical about this given Terrafugia’s penchant for dropping their many projects, the flying car endeavor seems a little more possible than the rest. Why? Because the company has been bought by Chinese automotive giant, Geely. Geely also owns Volvo, and has acquired Terrafugia for an undisclosed amount.
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Source: youtube.com
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But these are not the only entities aiming to produce the world’s first marketable flying car. The esteemed list includes Toyota, eVolo from Germany, and EHang from China. Early in 2017, the tech world was abuzz about Vahana unveiling and testing its first autonomous flying car. This, however, did not push through.
There are a few challenges with creating a battery-powered flying car that can only fit as many as two passengers. The most prevalent challenge is making a profit.
Now, while many companies and people have amazing ideas and designs for the flying car of tomorrow, funding will always be an issue. Investors will only invest if they see huge returns. The upside, though, is that some people such as Google’s Larry Page, a billionaire himself, has made it his personal project to see that a car flies.
The same thing with Terrafugia – with the acquisition, Geely’s funding may make all the difference and create reality from this dream.
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Source: inhabitat.com
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Scott Beale is a graduate of the Ohio State University, where he majored in Aviation Business Management. The licensed commercial fixed wing and rotor wing pilot with Jet Type ratings in the Gulf stream and Citation aircraft is currently the Senior Vice President of Sales and Corporate Development of Tempus Applied Solutions. Learn more about aviation here.



