Flying cars and driverless buses - the future of urban mobility has landed

Timothy Reuter, Head of Aerospace and Drones at the World Economic Forum explains, "Large amounts of capital have been flowing the sector, potentially accelerating its deployment. In February and March of 2021 three flying car companies, Archer, Joby, and Lilium, all became publicly traded through Special Purpose Acquisition Companies (SPACs). Significant sums of money are needed to not just design and manufacture these airframes, but also to get them certified as safe by major civil aviation authorities such as the FAA and European Aviation Safety Agency (EASA)."