SkyDrive of Japan has formed a production subsidiary to build its electric SD-05 eVTOL aircraft at a Suzuki Motor company manufacturing plant starting in 2024.
SkyDrive and JAXA have signed a joint research agreement devoted to improving noise-estimation technology for electric vertical-takeoff-and-landing aircraft
The financing comes as SkyDrive works to certify its aircraft in time to launch commercial air taxi service for the 2025 World Expo being hosted in Osaka.