Toyota is working overtime to create a flying car by 2020. Toyota is investing resources in the startup, Cartivator, by “chipping in 40 million yen ($353,000) and offering the expertise of its mechanical engineers.”
According to Engadget:
Thedrone-like vehicle would soar 10 meters (33 feet) above the ground at speeds up to 100 km/h (62 mph). The “Skydrive” is being developed by Cartivator, a startup with around 30 young volunteers working with drone expert Masafumi Miwa from Tokushima University. The aim is to get the car flying by next year and have it commercialized in time to light the 2020 Tokyo Olympic games torch.
To read more about the Skydrive, click here.
Toyota hopes to be a leader on the flying car frontier. “Last week Toyota announced they would invest around 1.05 trillion yen ($9.3 billion) on new technology, even if it may seem outlandish now. “Things will not progress if you wait and provide money only when the technology is ready,” Toyota Chairman Takeshi Ichiyamada told Nikkei Asian Review.”