trending Market Intelligence /marketintelligence/en/news-insights/trending/QfEDzVpeFKl-M0Yytpd1aA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Hyundai, Uber to develop flying taxis

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity


Hyundai, Uber to develop flying taxis

Uber Technologies Inc. partnered with Hyundai Motor Co. to develop vehicles for a flying taxi service, according to a Jan. 6 joint release.

The two companies unveiled a full-scale electric personal aircraft vehicle concept called the S-A1 that would become part of the Uber Air Taxis fleet at the Consumer Electronics Show in Las Vegas.

The S-A1 has a range of up to 60 miles, is capable of flying at speeds of up to 180 miles per hour and can seat four passengers. It will initially be piloted but will become autonomous over time.

Under the deal, the South Korean carmaker will produce and deploy the vehicles, while Uber will provide airspace support services, connections to ground transportation and customer interfaces via an aerial ride share network.

Hyundai becomes the first vehicle manufacturer to partner with Uber Elevate, which was launched in 2016 with the goal of operating flying cars.

In October 2019, Porsche Automobil Holding SE partnered with U.S. aircraft manufacturer Boeing Co. to develop electric flying cars.