Kitty Hawk Tests VTOL Drone in New Zealand

Thursday, March 15, 2018 at 09:00 PM ET

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Key Takeaways:

Larry Page's startup, Kitty Hawk, has tested an electric vertical takeoff and landing (VTOL) drone called Cora in New Zealand.
Cora is an autonomous aircraft designed for the emerging airborne taxi market, featuring 12 rotors for VTOL and a propeller for horizontal flight.
The craft is projected to have a range of 50 nautical miles and a cruise speed of 80 knots, with a production version aimed for market in about three years.
This development highlights the growing investment in VTOL flying taxis by companies like Uber and Airbus, driven by advancements in electric motors and autonomous navigation systems.

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