Air Taxis Didn't Take Off - Larry Page Closes Kitty Hawk

The promising startup Kitty Hawk was not very promising. The company decided to cease its activities completely.

Here's What We Know

Kitty Hawk was funded by Google founder Larry Page. The shutdown was announced on the startup's official Linkedin page.

Business Insider, citing sources inside Kitty Hawk, reports that together with the company is closing the project to develop a single-seat convertible Heaviside on electric propulsion. It was assumed that the electric plane, introduced three years ago, will be able to perform flights of up to 160 km.

However, the closure of Kitty Hawk will not affect the development of the air cab. The startup Wisk Aero was created together with Boeing for this purpose. Boeing invested $450 million in the project at the end of January this year.

Source: Business Insider, Kitty Hawk