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Flying car manufacturer Vinata Aeromobility is gearing up to raise funding of USD one million for the initial product development phase & USD ten million in the next three years to bring to fruition the company's vision to revolutionize urban transportation.With flying car ventures around the world attracting the attention of big names like GM and United Airlines, Vinata Aeromobility also intends to fill the gaps when it comes to sustainability, user convenience, and hassle-free mobility system.By 2030, an estimation of 60 per cent of the world's population will be living in urban areas, and roads need to make space for over 1.6 billion vehicles. This, of course, will raise demand for a sustainable solution to transportations and this is where Vinata Aeromobility will put forward its services and introduce flying cars.The company intends to use its initial funds for product development and on setting up a global R&D Centre and also plan to procure initial developmental components.A new era of urban air mobility and their concept-driven flying cars are shaped with innovative design and outstanding performance.Vinata Aeromobility has given prime importance to safety in designing and manufacturing its futuristic urban air mobility.With future investment plans, Vinata is all set to launch its market strategy by 2025.With over 15 years of experience in new product development and manufacturing, Founder and CEO Yogesh Ramanathan (Yohg CAS Iyer) channelled his love for cars and flights into this venture.The founder, with his track record on entrepreneurship, is going to utilize the funds on procuring various components including generators, R&D Development activities, and moulding the infrastructure.The funds would be used from USD one million to USD ten million in three years, to set up the assembly plant and various other manufacturing units.Why Vinata AeromobilityVinata Aeromobility's hybrid-powered flying cars are designed for dual travelers and will touch a cruise speed range of 100-120 km/hour.With aerodynamic design and luxurious feel, Vinata Aeromobility is focused on harnessing user excitement for this exciting new product that is all set to bring the future into the present.With the current phase of investment of USD one million, the company will be well on its way to take its place in the global race for domination of the urban skyscape.At the moment, the company's focus is on launching its 30 Kg Cargo UAM and Initial Prototype of flying cars at CES 2022.Check out the future of urban transportation atLinkedIn:For Investment Reach:This story is provided by PRNewswire. will not be responsible in any way for the content of this article. (/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :Vinata Aeromobility plan to raise funds for futuristic urban air mobility

Flying car manufacturer Vinata Aeromobility is gearing up to raise funding of USD one million for the initial product development phase & USD ten million in the next three years to bring to fruition the company's vision to revolutionize urban transpo ...