Nov 7th, 2023

Hyundai Executive Shin on Company’s Bet on Flying Taxis

South Korean carmaker Hyundai Motor Group is investing around $1 billion in Washington DC-based air mobility company Supernal to accelerate its development of flying electric taxis. It plans to apply for FAA certification for its eVTOL aircraft and aims to start commercial service in 2028 in the US, Supernal CEO Jaiwon Shin told Bloomberg in an exclusive interview in Singapore.