Recently, many companies like Airbus, Uber and a range of start-ups, including one backed by Google co-founder Larry Page, have announced similar projects.
Kitty Hawk, a start-up run by Google co-founder and Alphabet CEO Larry Page, recently introduced its Cora autonomous air taxi. According to the company, the "air taxi" is an electric aircraft which is intended for use as part of a transportation service instead of sale to individual users. It will be built to use self-flying software. The taxi uses 12 lift fans for vertical take-off and landing like a helicopter. Once it's in the air, a single propeller drives Cora at about 110 miles per hour, between altitudes of 500 and 3,000 feet.The company plans to launch its first working model in New Zealand.