We may be living on the threshold of a mobility revolution. Tokyo based SkyDrive Inc, made on August 25 the first public demonstration of a flying car in Japanese history. The four-minute flight was still executed in the safe compounds of the Toyota Test Field. The single person electric battery powered flying car, dubbed the SD-03, has eight rotors and takes double the space of an ordinary car.
The young company, founded in 2012 by members of a volunteer organization called Cartivator, began developing a “flying car” in 2014 and also develops large load carrying drones, which will also see soon a bright commercial future.
There is also much optimism in Japanese business circles, as is evidenced by the ¥3.9 billion fundraising through the allocation of new shares to 10 investors, including Development Bank of Japan Inc.