General Motors Co has been considering opportunities throughout the aerial taxi industry, including how to develop vehicles commonly known called “flying cars,” while part of the United States automaker’s move to search for development in relevant transportation industries, 2 sources familiar with the situation stated.
Mary Barra, the Chief Executive briefly rendered her first link ever from the involvement of Detroit-based GM throughout the air taxi sector, noting that it was in line with the growth of EVs as well as its Ultium advanced electrical battery, on Monday.
She has clearly said at the RBC meeting that they genuinely have confidence in our potential EV not just so much for cars. The power and versatility of the Ultium battery pack unlock doors” for multiple applications, she added, “especially aerial mobility.”
Air taxis include short take-off as well as landing (VTOL) aircraft which are using electric motors rather than jet engines. Built to reduce the requirement for long landing strips, it has spinning wings including, in some situations, rotors instead of rudders.
Electric air taxis are likely to run low-level paths, eliminating traffic jams. But they might lead to air traffic jams as they became more common.
GM shares have been about 1.7 percent higher in afternoon trading.
Corporate as well as private investors have invested a minimum of $2.3 billion on even more than 100 aerial vehicle start-ups, namely drones and hybrid air taxis, however, technology also faces major obstacles to commercial viability and productivity, as per the PitchBook database.