VTOL

A Flying Car Company In Europe Receives $10 Million Investment

Flying cars have been zipping through our science fiction films and TV shows for decades, but in the real world they’ve yet to take off. It’s not that the technology isn’t there—flying cars that utilize vertical take-off and landing (VTOL) technology have been a possibility for years. But there are many roadblocks, like safety and cost, that have prevented them from becoming mainstream. Despite all the barriers, at least one group of venture capitalists still believes that flying cars are the future. As TechCrunch reports, the venture firm Atomico is investing €10 million (about $10.7 million) in a German vertical take-off and landing plane developer called Lilium Aviation.

Lilium cites several reasons why their concept will succeed…