NewsA deal between Japan's Suzuki and SkyDrive will develop...

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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James
Jameshttp://Shouzy.com
Technology has been James's passion for over a decade. After graduating from the University of Chester with a Bachelor of Arts degree in Journalism in 2006, started writing full-time shortly after. Over the years, he has worked on everything from Windows XP to Red Star OS, but more recently has settled into the Apple ecosystem. A regular contributor at shouzy.com, James writes about iOS, macOS, and Apple hardware.

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