Get ready for all-electric flying car races, they’re coming

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The Formula E electric-vehicle racing series was conceived in 2011. Nearly a decade later, EVs are well on the way to mass commercialization. Airspeeder, the first motorsports program for electric flying cars, this week announced raising a seven-figure sum to launch its series. Founders of the flying EV series believe it could accelerate progress toward mainstream sustainable, electric air mobility.

The company announced it had secured funding from two of Australia’s leading technology venture capital firms, Saltwater Capital and Jelix Ventures. Alauda, the tech company behind the series, is based in Adelaide, South Australia. Other investors include EQUALS, a financial firm, and the German logistics company DHL.

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