An article published by the Israeli business site Calcalist reports that Netanya-based NFT Inc. believes autonomous flying cars will solve city road congestion and is working to develop a flying electric, autonomous car.
The company will present its ideas at the Ecomotion 2019 smart mobility show in Tel Aviv on Tuesday.
Owner Guy Kaplinsky said the vehicle, which he is calling Alaska (Japanese for flying bird) will be equipped with 14 propellers and collapsible wings extracted before takeoff. The car will be around 6.5-feet wide and 39-feet wide with its wings fully extracted. It could hold up to three people and travel as far as 342 miles at up to 149 miles per hour.
And the cost? Between $200,000 and $300,000.
Kaplinsky told Calcalist that NFT, which has a satellite office in California, should be ready to begin testing flights by next year.