Race for “electric flying car” among startups nears final stage, including Brazil

Over 100 companies have been conducting research to develop an eVTOL.

RIO DE JANEIRO, BRAZIL - The race to put a "flying car" into operation is nearing its final stage. To date, over 100 companies have been conducting research into developing an eVTOL (electric vertical take-off and landing vehicle, as the aircraft is officially named).

But recent mergers with Spacs (companies that first go public and then look for a project to invest in) have pushed a number of startups into the lead of this billion-dollar race and brought us closer to the technology expected to revolutionize urban mobility.

In addition to drawing attention in the capital markets, "flying car . . .

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