Toyota Is Aiming to Debut a Flying Car by 2020

Jun 05, 2017

Electric vehicles are one thing. Now a startup backed by Toyota is working on a "flying car" that they hope will be ready for the 2020 Olympic games in Tokyo.

When completed, the flying car would carry a driver to light the Olympic torch, the Associated Press reported.

Still, the project is still in its early stages. In a video recorded by the AP, the contraption of aluminum and propellers just barely hovers off the ground. In fact, the vehicle hovers for seconds in the captured footage, before veering back into the ground.

Toyota (tm) has invested about $386,000 in the startup called Cartivator Resource Management to work on the project, named Sky Drive.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions