AeroMobil (Flying Car Startup) Raises $3.2 Million In New Funding

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The European flying car startup AeroMobil has raised €3 million in new funding, which will be used to help fund production and demonstration of “a new physical model” of its concept, according to the company.

To be more specific, the company will be using some of the new funds to build the new model “following the successful development and testing of the craft’s mathematical and geometric design,” to use TechCrunch‘s phrasing.

Here’s more from that coverage: “The company has already been demonstrating the ability of its craft to successfully navigate both air and land, using the AeroMobil 3.0 prototype it debuted in late 2014. The pre-launch craft closely approximates the final version, and the company now says it’s even closer to that production craft, with the forthcoming physical model resembling closely the version intended for production.”

“AeroMobil’s new funding comes from individual investor Patrick Hessel, himself a founder of c2i, a maker of aerospace and automotive parts constructed from composite material. c2i is a supplier for AeroMobil, and recently sold a majority ownership stake to LG Hausy, an LG subsidiary that supplies lightweight components for use in aviation and automotive applications.”

Interesting. Though, I maintain that with how impatient and careless most drivers are, the idea of flying cars is one I’m skeptical of — unless, of course, the licensing process is incredibly stringent (in which case the technology becomes simply a toy for the rich). What do you think — vaporware? Or will flying cars actually become a real thing at some point?

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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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