A deal between Japan’s Suzuki and SkyDrive will develop and market “flying cars”

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Tokyo (Reuters)- Flying car firm SkyDrive Inc and Japanese automaker Suzuki Motor Corp announced on Tuesday that they had signed a deal to collaborate on the development, marketing, and research of electric, vertical takeoff and landing aircraft.

It was announced in a joint statement by the two companies, Suzuki and Honda, that they will also work to open up new markets in India, where Suzuki has a roughly half share of the auto market. During a press conference on Sunday, Suzuki said it would invest $1.37 billion in a new electric vehicle and battery factory in India.

In their joint venture, neither company provided any information about the investments they made nor did they specify a production schedule or goal.

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SkyDrive, a Tokyo-based cloud storage service, was founded in 2018. Its major shareholders include Itochu Corp, NEC Corp, and a subsidiary of Eneos Holdings Inc. According to the company’s website, it expects to raise 5.1 billion yen ($42 million) in Series B funds by 2020.

A two-seater electric flying car is currently being developed by SkyDrive with a view to going into full-scale production in the future. In the statement, Suzuki did not say if they would be working on this particular vehicle or not.

If all goes according to plan, a “flying car” service will be available in Osaka by 2025 when the city hosts the World Expo, a company that is developing cargo drones.

According to a press release, the partnership will expand Suzuki’s mobility offerings to include “flying cars” in addition to cars, motorcycles, and outboard motors.

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Zaid Quraishi
My name is Zaid Quraishi. I pride myself on being a meticulous and organized individual who has done his Bachelors in Medical Technology and currently pursuing my Master's in the same course from Sher-e-Kashmir Institute of Medical Sciences. I belong to the beautiful valley of Kashmir, and my hometown is Srinagar. I am the elder sibling of my younger brother. As far as my strengths are concerned, I am effectively communicative, optimistic, reliable, a team player, and time-efficient. My weaknesses are that I am an honest person and I tend to be blunt, and sometimes, I like to work alone. I am passionate about content writing, online gaming, and learning new things, especially languages (currently German). I have written two papers for my University degree, which helped me immensely in learning how to write effectively. I am confident in my writing skills, and I can effectively pour my thoughts out in writing and express myself so that the reader relates to it and is intrigued by the content. I love to play with my pet cat, and she is a darling to me. The thing that I dislike the most is being distracted when you are in the zone. Currently, I am a content writer in a dynamic work environment at Shouzy, ready to improve readers' satisfaction and increase retention levels.

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