Japanese startup that makes flying “motorcycles” goes public

  • Reading Time:2Minutes

Aerwins Technologies, a Japanese company specialising in drones and eVTOL vehicles, will begin trading on the US stock exchange next week.

Aerwins Technologies, a Japanese startup that makes flying motorcycles, will be listed on the Nasdaq US stock exchange through a merger with US company Pono Capital. Trading will start next Monday. This makes Aerwins the fifth Japanese company on Nasdaq.

The company’s market capitalisation is expected to be at least $600 million. The startup was originally considering a listing on the Japanese stock exchange, but due to the slowness of the process, decided to target Nasdaq through a SPAC transaction. The deal comes at a time when funding for startups with a similar profile is becoming increasingly difficult.

SPACs, such as Pono, which are not in business but have capital to invest, raise money through public offerings and go public, where they are activated by merging with a promising private company, making it easier and shorter for the target company to go public, Reuters reports.

The Japanese startup was founded in 2016 as a drone manufacturer and has expanded its operations to eVTOL vehicles. They caught the media’s attention a year and a half ago when they unveiled their flying motorcycle, dubbed Xturismo. The 300 kg eVTOL vehicle, with a body mounted on propellers, sells for $555,000.

They claim it can fly for up to 40 minutes and speed over the ground at 100 km/h. The company is offering the flying motorcycle to emergency services and says it can also be used for infrastructure monitoring.

Recent article

EVTOL & VTOL News & Articles

The flying ambulance arrives at lightning speed

EVTOL & VTOL News & Articles

The electric car revolution could continue in the air

EVTOL & VTOL News & Articles

Unmanned aerial taxis flew in a unique formation

Electric airplane News & Articles

NASA’s Innovations: Soaring into an Electrified Flight Future

EVTOL & VTOL News & Articles

Could eVTOLs and Air Taxis Replace Public Transport ?

Additional aircraft News & Articles

The Morphobot: An Innovation in Multimodal Robotics

News & Articles Points of interest

The Dawn of AI Air Travel: Airbus and its Vision for Autonomy

Air taxi News & Articles

Volocopter’s High-Flying Ambitions for the Olympics

News & Articles Propulsion-Fuel

The Horizon of Aviation: Airbus’ Vision for 2035 and Beyond

EVTOL & VTOL News & Articles

A Shift in Aviation Licensing and Training

Drones News & Articles

Russia’s Path to Drone Supremacy

Air taxi News & Articles

Israel’s Pioneering Venture into Drone Transport

Air taxi News & Articles

More efficient air taxis in the future

Air taxi News & Articles

Testing of perhaps the most promising air taxi begins

Additional aircraft News & Articles

Navigating the Future: Autonomous Helicopters Soar High

EVTOL & VTOL News & Articles

Embracing the Future: Seoul’s Leap into Urban Air Mobility
More articles you may be interested in...

Air taxi News & Articles

The Coming Electric Air Taxi Revolution: Competing with Train Tickets ?

The Dutch company, Electron Aviation, is making a bold promise that is set to disrupt.......... READ MORE

News & Articles Propulsion-Fuel

Unveiling the Whisper of Innovation: CycloTech’s Exploration into CycloRotor Noise Levels

In the fast-paced realm of aeronautical engineering, the introduction of CycloRotors has heralded a paradigm.......... READ MORE

Points of interest

Sailing the Skies in Style: Airbus’s Novel Vision for Air Travel

Navigating the dawn of a fresh chapter in aviation, Airbus recently shared its audacious plans.......... READ MORE

Drones News & Articles

Boosting Agriculture: A Drone Revolution Awaits in Budapest

The stage is set in Hungary, as it stands on the brink of an exciting.......... READ MORE

News & Articles Propulsion-Fuel

Embracing the Future with Rolls-Royce’s Revolutionary UltraFan Engine

Just when you thought the apex of innovation had been reached, Rolls-Royce challenges the notion.......... READ MORE

Air taxi News & Articles

Testing of perhaps the most promising air taxi begins

For some of us, the very idea of an air taxi evokes scenes straight out.......... READ MORE

Additional aircraft News & Articles

Navigating the Future: Autonomous Helicopters Soar High

Unmanned helicopters are no longer a concept in some futuristic Sci-Fi novel. They're here, revolutionizing.......... READ MORE

EVTOL & VTOL News & Articles

Embracing the Future: Seoul’s Leap into Urban Air Mobility

In an audacious move to revolutionize its transport system, Seoul - the bustling South Korean.......... READ MORE