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Uber teams up with Hyundai Motor to develop small electric-flying cars
Posted on 7th January 2020
US ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.

Global players like Germany's Daimler , China's Geely Automobile and Japan's Toyota have all unveiled investments in startups that aim to deploy electric flying cars capable of vertical takeoff and landing. But there are big technological and regulatory hurdles to the plans.

Uber and Hyundai, for instance, gave widely different timelines for commercialisation, underlining these challenges.

"We've been making steady progress towards a goal of launching Uber Air by 2023," Eric Allison, head of Uber Elevate, said at the Consumer Electronics Show (CES) in Las Vegas.

Euisun Chung, Executive Vice Chairman of Hyundai, expects commercialisation of urban air mobility service in 2028, saying it takes time for laws and systems to be in place.

Hyundai is the first carmaker to join Uber's air taxi project, which also counts Boeing subsidiary Aurora Flight Sciences among its partner firms.

Hyundai will produce and deploy the vehicles while Uber will provide aerial ride-share services.

Uber, which has partnered with eight companies on its air taxi project, however, acknowledged it would be "unrealistic" to expect all its partners to go to market at the same time.

"Our plans for our limited commercial operations in 2023 will likely involve other partners," Sarah Abboud, Communications Manager at Uber, told Reuters.

Hyundai will unveil a concept electric aircraft developed with Uber at CES, with the self-flying electric car designed to carry up to four passengers with a pilot and fly on trips of up to 60 miles (100 km).

"The overall cost to produce and operate UAM (urban air mobility) vehicles should be really low enough for everyone to enjoy the freedom to fly," Shin Jai-won, Head of Urban Air Mobility Division at Hyundai Motor, said.

Air taxis come in several shapes and sizes - electric motors replace jet engines, and aircraft have rotating wings and, in some cases, rotors in place of propellers.

The urban flight market will exceed the current number of commercial airplanes flying around the world - about 25,000, Hyundai's Shin, a former NASA engineer hired by the automaker last year, estimated, without giving any timeframe.

Last year, Hyundai pledged to invest 1.8 trillion won (1.2 billion pounds) in what it called "urban air mobility" by 2025.

Boeing has said it is working with Volkswagen's sports car brand, Porsche, to develop a concept electric flying vehicle that can transport people in urban areas.
Related Companies: Hyundai Motor India Ltd.   

Other Latest News
Indian diplomat harassed in Pakistan, ISI tails his car to intimidate him
Posted on 5th June 2020
Pakistan's Inter-Services Intelligence (ISI) has been harassing and intimidating India’s top diplomat in Islamabad.

Reportedly, ISI has put up multiple persons in cars and bikes outside his residence to harass him.

In a note sent to the foreign ministry in Islamabad in March, Indian High Commission protested against the continuous harassment of its officers and staff by Pakistani agencies. India had cited 13 incidents of harassment of its officers and staff in the month of March itself.

COVID-19 in India live updates: 9,851 new cases take India's count to 2.26 lakh, recovery rate at 48.27%
Posted on 5th June 2020
The number of coronavirus cases in India has marked significant and consecutive highest jumps over a major part of the last two weeks.

On Thursday, the total number of confirmed cases of COVID-19 infection in India crossed the 2.25 lakh-mark, while the death toll breached the 6,300-mark as well. With this, India has now become the world's seventh worst-hit country in terms of coronavirus cases, according to the World Health Organisation's (WHO) COVID-19 tracker.

Unlock 1: Shops reopen in Mumbai on odd-even basis after remaining shut for two months
Posted on 5th June 2020
In a huge respite, business owners in Mumbai opened their shops after being closed for two months due to the COVID-19 lockdown. All shops providing non-essential services were closed by the government in March after it announced the nationwide lockdown to contain the spread of coronavirus.

Consumer confidence collapsed to historic low in May, says RBI survey
Posted on 5th June 2020
As the coronavirus pandemic continues to trouble India's economy, the consumer confidence has collapsed to a historic low, a survey by the Reserve Bank of India has showed.

Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Expectations Index (FEI) also recording a sharp fall, entering the zone of pessimism, said RBI's Consumer Confidence Survey (CCS).

Maharashtra CM Uddhav Thackeray to visit Raigad to take stock of damages caused by Cyclone Nisarga
Posted on 5th June 2020
Two days after cyclone Nisarga made a landfall in Raigad district's Alibaug of Maharashtra, state chief minister Uddhav Thackeray will visit the affected areas on Friday to take a stock of the damages.

The visit comes a day after the CM held a video conference with the authorities to monitor the situation in the aftermath of the cyclone and asked the authorities to complete the 'panchnamas' or inspection and submit a report on the damages caused by Nisarga withing two days.

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