Electric flying car maker Alef secures mass manufacturing deal [Video]

Flying cars are no longer just from sci-fi movies. Electric flying car maker Alef Aeronautics is one step closer to launching the new tech after signing a mass manufacturing deal this week for aviation-grade parts.

Although it may sound like something from the Jetsons, Alef has been advancing its flying car technology since 2015.

Alef set out to build an electric car that can actually drive and has vertical takeoff abilities. It also needs to be affordable.

After showing a scaled prototype, the startup attracted Tim Draper, a prominent venture capitalist known for his early Tesla investments. Draper became the lead investor with $3 million in seed funding.

We first saw the flying car, dubbed “Model A,” in October 2022. According to Alef, the Model A can drive up to 200 miles with a 110-mile flight range. It also has a $300,000 price tag.

Alef kicked off pre-orders the same month and had 440 reservations by the end of 2022. Less …