Flying car development corporation, SkyDrive Raised JPY 300 million by Drone Fund

SkyDrive Inc. (Head office: Shinjuku, Tokyo / Representative: Tomohiro Fukuzawa）raised JPY 300 million fund by Drone Fund II (The official name: Chiba Dojo Drone Fund II investment Limited Partnership) With this fund raising, we will give wings to the development of flying cars and, further, the creation of the future mobile society.

　SkyDrive Inc. was established in July 2018 by people from volunteer group, CARTIVATOR targeting ”Demo-flight with flying car in 2020”.“Making a new epoch” is our mission, so Demo-flight in 2020(※), Sales release in 2023, Start mass production in 2026 are milestones and promote　development / manufacturing / sales to put the flying cars in practical use.

※Toward the demo flight in 2020, we will develop flying car in collaboration with CARTIVATOR.

Drone Fund 2 deals with realization of the “Air mobility society” and puts work into the investment for the field related with flying cars. Drone Fund and SkyDrive were participated in the Public-Private Conference for the Future of Air Mobility. Both of us made presentations at the first meeting and develop a road map for realization of the flying cars.

The flying cars are anticipated to utilize in a time of disaster, to shorten the travel time, to improve travel convenience in isolated islands or mountains, to ensure quick delivery of both emergency and daily use.

Sky Drive and Drone Fund will accelerate each activity for revolution of sky transportation.

■Message from Representative Director: Kotaro Chiba

Drone Fund aims to realize the drone society and the air mobility society. It is possible to experience new sky transportation when the air mobility is utilized. Apply to disaster response, search and rescue can be expected too. SkyDrive Inc. was established by people with desire to make the flying car possible. SkyDrive Inc. has the potential to complete the first future car for free land & sky transportation in Japan and they should be supported. I hope that taking the lead for supporting by Drone Fund will be the movement to all Japan.

■Message from President: Tomohiro Fukuzawa

I really appreciate about the investment by our partner “Drone Fund” for realization of Air mobility society. It is the first time in about 100 years that new mobility industry is about to be started since Automotive & Aviation industry rose. The specialists from Aviation / Automotive / drone field gather and develop product which nobody sees. Beyond the industry, cooperate with private companies and government in aspects of technology, infrastructure, and institutional design, we will create products / service / atmosphere from scratch. This fund-raising will accelerate the project for “Free transportation world for everybody”.

■New Structure

Following this investment, Shintaro Takahashi - Partner and Chief Public Policy Officer of Drone Fund, will become an External Director of SkyDrive.

Furthermore, Mr. Mitsuhisa Kato – Chairman of TOYOTA CENTRAL R&D LABS., INC. and an advisor of CARTIVATOR, will take up the post of consultant for SkyDrive Inc.