The company owner of Volvo bought creating a flying car startups

Chinese corporation Geely, which owns the Volvo car group, just recently acquired a promising startup Terrafugia, which experts are developing flying cars - said the publication South China Morning Post. Two years ago, Terrafugia developed a prototype aircraft, which is a hybrid car and an airplane, but before the completion of the company still needed a lot of money. That's the problem in a startup plan to solve with Geely - the corporation is clearly enough money.

While many other companies are experimenting with futuristic concepts, in Terrafugia rely on realism. Their flying machine looks quite usual for auto and aircraft may have to fly about 500 kilometers at a speed of about 130 kilometers per hour.

In addition, the aircraft will be equipped with a system of autonomous driving and flight that will allow pilots to hedge and protect passengers.

Now developers are trying to get a license for his aerial vehicle, which means that after all the formalities will be settled in the Terrafugia can legally produce and sell small flying cars, which will be classified as a light sport aircraft.