FutureFlight
SkyDrive Takes Funding Past $50 Million and Flies SD-03 Car In Public
Ten companies led by the Development Bank of Japan raised an additional $31 million for SkyDrive in a Series B funding round that closed on August 28.
SkyDrive flying car
Japan's SkyDrive now aims to start deliveries of its single-seat eVTOL vehicle in 2025. (Photo: SkyDrive)

Japan’s SkyDrive has raised ¥3.9 billion ($31 million) in a Series B funding round to support its development of urban air mobility technology, including flying cars and cargo drones. In an August 28 announcement, the company said the round was supported by 10 investors led by the Development Bank of Japan.

Also this week, SkyDrive made a first manned public flight with its SD-03 flying car. The flight took place on August 25 at the 2.5-acre Toyota Test Field, which is where the company is headquartered.