Summary by ATFCars.com
Referenced article published on benzinga.com on April 11, 2023 written by Aran Richardson. Link to original article:
Flying Cars Are Here: eVTOL Startups and AI Are Powering a Modern-Day ‘Jetsons’ Future
Gear up for an exhilarating voyage as we ascend towards a Jetsons-esque future powered by electric vertical takeoff and landing (eVTOL) vehicles! Imagine, rather than toiling in bumper-to-bumper traffic, darting through the sky in a quiet, efficient machine that doesn’t need a traditional runway. This isn’t a utopian dream anymore; eVTOLs are making it a reality!
No massive airports or control towers are required, just small regional hubs. And not just people, even cargo transportation could witness a paradigm shift. However, before we all get our personal BMW eVTOLs, there are few mountains to climb – regulation and integration into the existing airspace system being two major ones. But fear not! With innovation and funding propelling the sector, industry experts predict the eVTOL market soaring to a stunning $30.8 billion by 2030.
Spotlighting some pioneers, LIFT Aircrafts has already raised an impressive $5 million and boasts FAA approval, while Doroni Aerospace has garnered over $1 million for their car-like eVTOL. Not to forget the enormous potential of AI in this narrative. From enhancing flight operations to predicting traffic and improving dispatching for eVTOL rideshares, AI is undeniably turbocharging the eVTOL ascent!
More big players are entering the arena, from publicly traded firms like Joby Aviation and Archer Aviation, to aerospace titans like Airbus. Startups like Active Safety System Technologies are focusing on vital safety aspects, working on systems to protect occupants in a crash and prevent drone mishaps.
The fantastical image of flying cars is no longer just in our televisions or imagination; it’s knocking on the doorstep of our reality. Just remember, the sky is no longer the limit—it’s the destination!
