After over a decade of setbacks, Kittyhawk, a start-up aiming to make flying cars a reality, will close its doors.
The company, which is now winding down business and preparing to dissolve, proposes to build specialized air taxis, which are battery-operated aircraft capable of flying, driving and landing in space efficient ways.
We decided to wind down Kittyhawk. The company said on Wednesday that we are still working on the details of what's going to happen next.
Larry Page, co-founder of the technology juggernaut Google, co-founded Kittyhawk.
Page stepped down as CEO of Google's parent company Alphabet in 2019 but remained a board member and controlling shareholder.
Kittyhawk is building a range of air taxis that are affordable, eco-conscious, and affordable, according to the company's website. Kittyhawk has been advancing aviation for more than a decade and has flown more than 100 aircraft, founded by self-driving car pioneer Sebastian Thrun and backed by Google co-founder Larry Page.
Page, a familiar acquaintance of the entrepreneur Elon Musk, is the seventh-richest person in the world with a net worth close to $100 billion.
Page gained New Zealand residency during the epidemic, sparking debate about whether extremely wealthy people can essentially buy access to the South Pacific country.
New Zealand lawmakers confirmed that Page and his son arrived in January 2021, after the family filed an urgent application for the son to be evacuated from Fiji due to a medical emergency.