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Google co-founder Page backing two start-ups making flying cars: Bloomberg

Google co-founder Page backing two start-ups making flying cars: Bloomberg

Postby smix » Fri Jun 10, 2016 1:05 pm

Google co-founder Page backing two start-ups making flying cars: Bloomberg
Reuters

URL: http://www.reuters.com/article/us-larry ... SKCN0YV28Y
Category: technologyNews
Published: Thu, 09 Jun 2016 14:55:29 -0400

Description: (Reuters) - Google co-founder Larry Page is backing two start-ups that are working on flying cars, including funding one of them with more than $100 million so far, Bloomberg said on Thursday, citing sources. Zee.Aero, into which Page has poured more than $100 million since it started in 2010, conducts test flights of its prototype at an airport hangar in Hollister, California, Bloomberg said. The start-up has a manufacturing facility on NASA's research center at the edge of Mountain View, the news agency said. Since last year, Page has also been funding another start-up, Kitty Hawk, that is working on a similar competing model, Bloomberg said. Kitty Hawk, which employs about a dozen engineers and has its headquarters about half a mile away from Zee.Aero, is working on "something that resembles a giant version of a quadcopter drone", according to Bloomberg. Page, who is referred to as the guy upstairs ('GUS') by Zee.Aero employees, demanded his involvement in the start-up should stay hidden, Bloomberg said. Page, Zee.Aero and Kitty Hawk could not be reached immediately for a comment.
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