Larry Page's electric air taxi startup is winding down

4 days ago 36

(CNN)Kittyhawk, the electrical aerial taxi startup backed by Google co-founder Larry Page, announced Wednesday that it plans to "wind down" operations.

"We person made the determination to upwind down Kittyhawk. We're inactive moving connected the details of what's next," the institution wrote successful a brief statement shared connected its LinkedIn and Twitter pages. Kittyhawk did not instantly respond to a petition for further comment.

Kittyhawk had the lofty ngo of "building autonomous, affordable, ubiquitous and eco-conscious aerial taxis," according to its website. It was founded by Sebastian Thrun, a erstwhile Google enforcement who led the company's self-driving car efforts.

    Tesla's 'full self-driving' isn't worthy  $15,000, accidental    galore  who bought it

    The startup operated successful concealed until 2017, erstwhile it publically unveiled its archetypal craft — an ultralight electrical level dubbed Flyer that was designed to alert implicit water. Page, 1 of the world's richest men, was said to person invested $100 million successful flying car startups, including Kittyhawk.

      Flyer was yet retired successful 2020, aft much than 25,000 palmy trial flights, according to the company, and it reportedly laid disconnected galore of those who had been moving connected Flyer astatine the time. The institution launched different electrical craft prototypes and announced a concern with Boeing successful 2019.

        The shuttering of Kittyhawk volition not interaction its associated task with Boeing, which has been dubbed Wisk. In a tweet, Wisk said that it remains "in a beardown fiscal position," with some Boeing and Kittyhawk arsenic investors.

        Like Kittyhawk, Wisk is processing an "all-electric, self-flying aerial taxi" that it says "rises similar a chopper and flies similar a plane," according to its website. This "aircraft volition region the request for a runway and let you to onshore wherever you request to be," according to the company.

          Read Entire Article