Moller International is using the crowdsource funding site indiegogo.com to raise cash so it can make FAA-required improvements to its Skycar. The improvements include a new 816-horsepower motor, as well as some safety updates.
Unlike other recent flying car concepts, such as The Terrafugia Transition Flying Car and the Slovakian-based Aeromobil, the Skycar is able to hoover, take off and land vertically. It has an estimated average speed of 300 mph at 25,000 feet and 200 mph at sea level.
According to Fast Company, Moller International has already raised about half of the 1.8 million dollar price tag.
Donors of at least $15,000 will be the first to log 'powered lift' time in the aircraft at the first tether-free flight in June. So far no one has stepped up to claim the prize. Maybe because it's an untested aircraft? Just guessing.