As the world of urban mobility changes, all eyes are on the skies. Electrically-propelled roadable aircraft, known more commonly to us as air taxis or flying cars, have been talked about for years. While aviation regulations and relevant infrastructure have been some long-standing issues, there has been a constant rise in new developments in this sector.
A 2019 report by the international management consultancy Roland Berger noted that the cumulative number of developments in this sector grew steadily until 2016 but has increased more rapidly since. A key factor behind this has also been a positive investment environment. According to a recent report in The Financial Times, based on insights from the global consultancy firm McKinsey, investors have pledged $4.3 billion to electric air taxi startups around the world in 2021.
Also read: Flying taxi startup Whisper Aero aims to keep noise levels down
Earlier this week, the government…