‘Flying Car’ Startup Alef Emerges Just Weeks After Kittyhawk Went Bust

Venture capitalist Tim Draper is preparing to help launch a startup building an electric aerial passenger vehicle to be unveiled later this month, just a few weeks after the high-profile flameout of a “flying car” company backed by Google co-founder Larry Page.

The new startup, Alef Aeronautics Inc., is focused on developing a vehicle that looks more like a car than a small helicopter. That would set it apart from most companies in an emerging industry building so-called electric vertical takeoff and landing vehicles.