Founders Fund co-founder Peter Thiel’s criticism of contemporary technology and venture capital innovation is an oft-repeated one: “We wanted flying cars, instead we got 140 characters.” Six years on from Thiel’s 2011 manifesto, his point remains debatable, but a host of companies are now attacking hard problems across different industries. Amidst the boom in funding to private companies working on ground-bound vehicle technologies, entrepreneurs and investors have also turned their attentions to the flying car itself, hoping to overcome numerous engineering and regulatory challenges.
We used the CB Insights platform to examine a half-dozen private startups that have secured investor financing to build aerial vehicles, all with the goal of making personal flight cheaper and/or more ubiquitous than existing aircraft.
Although commonly described under the umbrella term of “flying cars”, these companies’ planned designs range from full-bodied aircraft and helicopter-esque concepts to much lighter flying frames. This is not intended to be an exhaustive list of companies in the space.
Read more at CB Insights.