Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
An Israeli-made electric vehicle designed to fly commuters on short trips far above streets overcrowded with cars has made its maiden unmanned flight, a milestone the developer says will help it reach the market in the next two years.
The test-phase voyage may not look out of the ordinary at first, given the huge progress made in drone technology; another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.
But this one, being developed by Israeli startup AIR, will be able to carry two people – an operator and passenger – as far as 100 miles on a single charge, the company says. AIR, and many competitors around the world, are betting this kind of travel will eventually become commonplace.
"This is a major milestone," said CEO and co-founder Rani Plaut. "We have transitioned today to forward flight ... bringing (closer) our dream of mass production of the AIR ONE."
There are still many significant obstacles to pass before people can expect to fly themselves across cities in small vehicles like this – including creating regulations and commercialising the technology.
AIR's next test phase is with someone onboard, Plaut said.
He hopes their electric vertical takeoff and landing, or eVTOL, aircraft will hit the market at the end of 2024 at a base price of $150,000. Average day-to-day speed will be about 100 mph (160 kph) at an altitude of 1,200 feet (366 m), Plaut said.
ALSO READ:
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The UAE registered trademarks totalling 4,610 in Q1
One of the driving forces behind the growth is the adventurous spirit of millennials and Gen Z
Figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies