RIO DE JANEIRO, BRAZIL - The race to put a "flying car" into operation is nearing its final stage. To date, over 100 companies have been conducting research into developing an eVTOL (electric vertical take-off and landing vehicle, as the aircraft is officially named).
But recent mergers with Spacs (companies that first go public and then look for a project to invest in) have pushed a number of startups into the lead of this billion-dollar race and brought us closer to the technology expected to revolutionize urban mobility.
In addition to drawing attention in the capital markets, "flying car . . .