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Aleph AeronauticsFoxbusiness
•Technology
Technology
48% Informative
Aleph Aeronautics test car successfully performed a vertical take off and then flew over an SUV.
CEO Jim Duchovny says the company is on track to get it to start producing the first one in about one year .
Duchvny: We're opening a new round of investment round of investors to join with famous VCs.
At this point we have $1 billion worth of pre-orders and as a small start up to create that many cars in that short amount of time and finish R&D and get it out to the customers. It's pretty tough task, let's put it this way which will require more resources. We are literally about one hundredths of the burn rate of most of the evitals of a very capital efficient. That being said, still, we now have like a big line of customers waiting for those cars to be delivered.
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