26 September 2023
Under the Radar: Urban-Air Port’s CEO on how its “carpark” for flying cars will shake up the eVTOL industry
We’ve talked about electric vertical take-off and landing (eVTOL) aircrafts on the show. They come in the form of flying cars, air taxis or even delivery drones.
But just like how cars need to be parked at car parks or garages, and how aeroplanes need to stay at airports, flying cars and delivery drones also need to be parked somewhere once they reach their destinations.
Our guest for today designed the equivalent of car parks for such aircrafts.
Founded in 2019, Urban-Air Port designs, develops, manufactures, sells and operates ground, air and digital infrastructure.
More notably, the firm had in April last year opened what it calls the world’s first fully operational urban air-port and charging hub for eVTOL vehicles in Coventry in the UK  to spearhead a new age of zero-emission, low-congestion urban transport.
With Mordor Intelligence estimating the urban air mobility market to grow to US$36.75 billion by 2035, how lucrative is it for players to build hubs that specifically caters to this category of aerial vehicles?
And how will the competitive landscape change in the near term?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Andrea Wu, CEO, Urban-Air Port.

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