Flying Car Startup LuftCar Receives $100M Term Sheet From GEM Investment

Ben Goldstein October 06, 2023
LuftCar, the developer of a road-drivable, hydrogen-powered electric-vertical-takeoff-and-landing (eVTOL) vehicle, has received a term sheet worth up to $100 million from GEM Investment Group. The startup says the money will be used to finance the assembly of a two-seat prototype, as well as its...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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