Market Desk (Tech): The flying cars and bikes seemed like a vision too far from the near future but some companies kept working on this vision. One such company is a Japanese startup by the name of AERWINS Technologies. They have developed the XTURISMO hoverbike, a flying bike or what seems like human flying cluster of drones.
Where we were growing up in the 90’s and 2000’s the future of mobility was very often depicted with flying cars, pods and bikes. Many touted to have flying cars by 2020 like in the science fiction movies but we got in 2020’s was electric cars.
Since the dialogue about climate change and vehicular pollution took air, the paradigm of future mobility shifted from the flying future to electric and clean mobility. With this one thing became clear that if the majority of the R&D budget was going to shift to electrifying the mobility sector then there weren’t enough resources left to venture into the flying personal space.
The flying bike is already on sale in Japan. Airwins founder and CEO Shuhei Komatsu said plans are underway to bring a smaller version of the bike to the US market in 2023.
Earlier this month, AirWins said it was looking to list on the US stock market through a merger with a special acquisitions firm, which would be valued around at US$600mn.