The company’s next design project is an air taxi powered by 36 engines, it would carry five passengers up to 300km while producing zero emissions. “This is the next stage in our rapid evolution from an idea to the production of a commercially successful aircraft that will revolutionize the way we travel in and around the world’s cities,” CEO Daniel Wiegand said Tuesday. The company’s latest fund raising round included Obvious Ventures, which is backed by Twitter co-founder Ev Williams, Liechtenstein’s LGT Group and Skype co-founder Niklas Zennström’s investment firm Atomico. Several firms, including Aeromobil and Terrafugia, are developing vehicles that look more like tiny planes than cars. Many rely on drone technology and vertical takeoff and landing, or VTOL, eliminating the need for a runway. Kitty Hawk, a startup backed by Google co-founder Larry Page, unveiled its prototype “ultralight” aircraft in April.
It is evident that the drone industry has entered an upward stage where all ideas and concepts are finding investors excited about their possibilities, but the ancient Darwinian process of natural selection will soon begin to differentiate those who adapt in the most intelligent way to the market and the needs of society.