Flying car AeroMobil raises further investment to target Asian market

A month on from its previous round of funding, flying car startup AeroMobil has secured a fresh injection of capital from InfraPartners Management (IPM). The terms of the investment were not disclosed.

The Slovakian company is developing a vertical take-off and landing (VTOL) flying vehicle that it claims it will deliver to customers by 2020. Prices per vehicle will be between €1.2 million and €1.5 million.

With the new investor’s help, AeroMobil will take its flying car on an investment roadshow in Asia with a particular focus on South Korea and China, where IPM has a regional presence. It is headquartered in London. AeroMobil presented one of the more advanced strategies in this field, according to IPM managing partner Marian Bocek.

Read more: http://tech.eu/brief/aeromobil-funding/