Flying Car AeroMobil Raises Further Investment To Target Asian Market

Flying Car AeroMobil Raises Further Investment To Target Asian Market

A month on from its previous round of funding, flying car startup AeroMobil has secured a fresh injection of capital from InfraPartners Management (IPM). The terms of the investment were not disclosed

The Slovakian company is developing a vertical take-off and landing (VTOL) flying vehicle that it claims it will deliver to customers by 2020. Prices per vehicle will be between €1.2 million and €1.5 million

With the new investor’s help, AeroMobil will take its flying car on an investment roadshow in Asia with a particular focus on South Korea and China, where IPM has a regional presence. The funds will be invested in the ongoing production, testing, and certification of the flying vehicle. Asia will be a key market for AeroMobil as it cites traffic congestion and poor infrastructure as drivers behind the development of the flying car.