Flying taxis are on the horizon
Financial Express Lucknow|January 09, 2025
Taking Commuting To New Heights
MICHAEL LIEDTKE

WHEN HE WAS still a boy making long, tedious trips between his school and his woodsy home in the mountains during the 1980s, JoeBen Bevirt began fantasizing about flying cars that could whisk him to his destination in a matter of minutes.

As CEO of Joby Aviation, Bevirt is getting closer to turning his boyhood flights of fancy into a dream come true as he and latter-day versions of the Wright Brothers launch a new class of electric-powered aircraft vying to become taxis in the sky.

The aircraft—known as electric vertical take-off and landing vehicle, or eVTOL—lift off the ground like a helicopter before flying at speeds up to 322 km per hour with a range of about 161 km. And these craft do it without filling the air with excessive noise.

"We are just a few steps from the finish line. We want to turn what are now one- and two-hour trips into five-minute trips," Bevirt, 51, told AP before a Joby air taxi took off on a test flight in Marina, California.

Archer Aviation, a Silicon Valley firm backed by Stellantis and United Airlines, has been testing its own eVTOLs over farmland in Salinas, California, where a prototype called 'Midnight' could be seen gliding above a tractor plowing fields last November.

Bu hikaye Financial Express Lucknow dergisinin January 09, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Lucknow dergisinin January 09, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS LUCKNOW DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Lucknow

In the grey zone

• Meta's fact-check roll-back can upend contextual ads

time-read
3 dak  |
January 24, 2025
Financial Express Lucknow

Cloud, GCCs key digital economy drivers: Meity report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by Meity has said.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

80% firms struggle to find talent: Survey

Shortage Across Industries

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Grade A warehousing mkt to hit 700 mn sq ft

THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Invest in stocks: China to insurers

Stocks Jump After Briefing

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

time-read
1 min  |
January 24, 2025