The company Skydrive said on Saturday that it has completed the flight test using “the first manned testing machine” named SD-03, an electrical vertical takeoff and landing machine(eVTOL) and they had received funding from various investors including the Development Bank of Japan.
Five years ago there were various prototypes and designs of flying vehicles but this one (SD-03) is lighter and perfect in design as compared with other ones, the chief executive of Skydrive said.
Analysts said that the flying cars global market is estimated to reach $1.4 trillion to $2.9trillion by 2040.
Skydrive plans to sell the two seated vehicle SD-03 by 2023 for the price of $300,000 to $500,000.
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